NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Still a Buy?

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.0399, but opened at $9.70. NatWest Group shares last traded at $9.70, with a volume of 219 shares.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

NatWest Group Stock Up 0.2%

The stock has a market cap of $74.90 billion, a PE ratio of 9.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The company has a 50 day moving average price of $9.15 and a two-hundred day moving average price of $8.36.

NatWest Group (OTCMKTS:RBSPF) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.83 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.