NatWest Group (OTCMKTS:RBSPF) Trading Down 7.3% – Here’s What Happened

by · The Markets Daily

NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report) shares were down 7.3% during trading on Thursday . The company traded as low as $8.58 and last traded at $8.58. Approximately 692 shares traded hands during trading, a decline of 97% from the average daily volume of 22,544 shares. The stock had previously closed at $9.26.

Analysts Set New Price Targets

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

Get Our Latest Research Report on RBSPF

NatWest Group Stock Performance

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 stock has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $8.45. The company has a market capitalization of $74.36 billion, a P/E ratio of 9.28 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF – Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.83 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

NatWest Group Company Profile

(Get Free Report)

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.

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