NatWest Group (OTCMKTS:RBSPF) Hits New 1-Year High – Here’s What Happened

NatWest Group PLC (OTCMKTS:RBSPF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.72 and last traded at $9.72, with a volume of 173 shares trading hands. The stock had previously closed at $9.6650.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Price Performance

The stock has a market cap of $77.26 billion, a price-to-earnings ratio of 9.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The company has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $8.29.

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, 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 firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.83 billion.

About NatWest Group

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.