NatWest Group (OTCMKTS:RBSPF) Sees Large Volume Increase – Time to Buy?

Shares of NatWest Group PLC (OTCMKTS:RBSPF) saw strong trading volume on Friday. 400,000 shares traded hands during trading, an increase of 1,682% from the previous session’s volume of 22,450 shares. The stock last traded at $9.1550 and had previously closed at $8.9749.

Analyst Ratings Changes

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

NatWest Group Trading Up 3.6%

The firm has a market capitalization of $73.26 billion, a P/E ratio of 9.14 and a beta of 0.95. The business’s 50 day moving average is $9.24 and its two-hundred day moving average is $8.46. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

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. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations 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.