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

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.5950, but opened at $9.26. NatWest Group shares last traded at $9.26, with a volume of 519 shares.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

NatWest Group Stock Down 0.4%

The stock has a market cap of $74.38 billion, a PE ratio of 9.28 and a beta of 0.96. The business has a 50 day moving average of $8.93 and a 200-day moving average of $8.33. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (OTCMKTS:RBSPF) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.83 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.

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.