NatWest Group (OTCMKTS:RBSPF) Shares Break Above 200-Day Moving Average - Here's Why

Key Points

• NatWest shares climbed above their 200-day moving average, reaching $9.21 before last trading at $8.5749; the stock was up 0.7%.
• Keefe, Bruyette & Woods upgraded NatWest from “hold” to “moderate buy,” while MarketBeat data shows the stock has an average “Buy” rating.
• Recent quarterly results exceeded expectations: earnings per share came in at $0.27 versus a $0.23 estimate, and revenue reached $5.97 billion compared with the $5.83 billion consensus.

Shares of NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.52 and traded as high as $9.21. NatWest Group shares last traded at $8.5749, with a volume of 5,390 shares traded.

Analysts Set New Price Targets

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

NatWest Group Stock Up 0.7%

The business has a 50-day moving average price of $8.98 and a 200 day moving average price of $8.52. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $68.73 billion, a P/E ratio of 8.57 and a beta of 0.95.

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

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country's retail, commercial and institutional banking markets.

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