NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Should You Buy?

NatWest Group PLC (OTCMKTS:RBSPF) gapped up prior to trading on Monday. The stock had previously closed at $8.8250, but opened at $9.3050. NatWest Group shares last traded at $9.3050, with a volume of 105 shares trading hands.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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, Based on data from MarketBeat, NatWest Group presently has an average rating of “Buy”.

NatWest Group Price Performance

The business’s 50-day moving average price is $9.25 and its 200 day moving average price is $8.47. The stock has a market capitalization of $73.82 billion, a PE ratio of 9.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03.

NatWest Group (OTCMKTS:RBSPF) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share (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 company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.83 billion.

NatWest Group Company Profile

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.