NatWest Group (OTCMKTS:RBSPF) Stock Price Down 5.7% – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shares dropped 5.7% on Monday. The company traded as low as $8.3075 and last traded at $8.3075. Approximately 4,013 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 23,333 shares. The stock had previously closed at $8.8050.

Analyst Upgrades and Downgrades

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 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 Down 5.7%

The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $8.62. The company has a market capitalization of $66.58 billion, a P/E ratio of 8.31 and a beta of 0.95.

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

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.