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

NatWest Group PLC (OTCMKTS:RBSPF) shares saw unusually-high trading volume on Tuesday . Approximately 1,215,101 shares changed hands during trading, an increase of 6,654% from the previous session’s volume of 17,990 shares.The stock last traded at $9.5749 and had previously closed at $9.5450.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

NatWest Group Stock Up 1.3%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day simple moving average of $8.59 and a two-hundred day simple moving average of $8.27. The stock has a market cap of $77.47 billion, a P/E ratio of 9.66 and a beta of 0.96.

NatWest Group (OTCMKTS:RBSPF) last released its quarterly earnings results on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a return on equity of 14.09% and a net margin of 20.10%.The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.83 billion.

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.