NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Should You Sell?

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.3449, but opened at $8.8625. NatWest Group shares last traded at $8.8625, with a volume of 475 shares traded.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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 stock presently has an average rating of “Buy”.

NatWest Group Trading Down 3.1%

The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $71.89 billion, a P/E ratio of 8.97 and a beta of 0.95. The business has a 50 day moving average of $9.24 and a 200-day moving average of $8.45.

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

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.