NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – What’s Next?
by Danessa Lincoln · The Markets DailyNatWest Group PLC (OTCMKTS:RBSPF – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.5950, but opened at $9.26. NatWest Group shares last traded at $9.26, with a volume of 519 shares trading hands.
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 report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NatWest Group presently has a consensus rating of “Buy”.
Get Our Latest Report on RBSPF
NatWest Group Stock Performance
The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 8.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The company has a 50-day moving average price of $8.98 and a 200-day moving average price of $8.33.
NatWest Group (OTCMKTS:RBSPF – Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations 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.