NatWest Group (OTCMKTS:RBSPF) Sees Strong Trading Volume – Still a Buy?

NatWest Group PLC (OTCMKTS:RBSPF) saw unusually-strong trading volume on Thursday . Approximately 27,594 shares traded hands during trading, an increase of 19% from the previous session’s volume of 23,258 shares.The stock last traded at $9.25 and had previously closed at $8.93.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

NatWest Group Trading Down 2.3%

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 firm’s 50 day moving average is $9.17 and its two-hundred day moving average is $8.38. The company has a market cap of $73.14 billion, a P/E ratio of 9.12 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last announced 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. The company had revenue of $5.97 billion during 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%.

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.