NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Time to Buy?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Wednesday . The stock had previously closed at $8.93, but opened at $9.33. NatWest Group shares last traded at $9.35, with a volume of 931 shares.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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, Based on data from MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

The stock has a market cap of $73.74 billion, a price-to-earnings ratio of 9.20 and a beta of 0.95. 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 fifty day simple moving average of $9.17 and a 200-day simple moving average of $8.38.

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