NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $8.55, but opened at $9.0150. NatWest Group shares last traded at $9.01, with a volume of 887 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised 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.com, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Up 5.7%

The business’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $8.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $72.46 billion, a PE ratio of 9.72 and a beta of 0.98.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.