NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Here’s What Happened

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped down prior to trading on Friday. The stock had previously closed at $8.63, but opened at $8.06. NatWest Group shares last traded at $8.53, with a volume of 2,919 shares traded.

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 report on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

NatWest Group Stock Down 0.6%

The stock has a market cap of $68.21 billion, a P/E ratio of 8.51 and a beta of 0.95. The business has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $8.55. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

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

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company headquartered in Edinburgh, Scotland. The group provides banking, lending, savings, payments and investment-related services to individuals, families, businesses and institutional customers.

Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank. Personal banking services include current accounts, mortgages, personal loans, credit cards, savings products and digital banking. The group also provides private banking and wealth management services, along with financing, cash management, risk management and other banking solutions for small and medium-sized businesses, larger companies and institutional clients.

The company traces its history to several long-established UK banking institutions and operated as The Royal Bank of Scotland Group before adopting the NatWest Group name in 2020.