NatWest Group (OTCMKTS:RBSPF) Shares Gap Down - Here's Why

Key Points

• NatWest Group shares gapped down, opening at $7.96 versus a previous close of $8.535, with the stock last trading near $7.98.
• Keefe, Bruyette & Woods upgraded the stock from “hold” to “moderate buy,” while the overall analyst consensus remains “Buy.”
• NatWest’s latest quarterly results slightly exceeded expectations, with earnings per share of $0.26 versus a $0.25 estimate, though revenue of $6.15 billion fell just short of forecasts.

Shares of NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $8.5350, but opened at $7.96. NatWest Group shares last traded at $7.98, with a volume of 382 shares changing hands.

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 analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

NatWest Group Stock Up 3.3%

The stock's fifty day moving average is $8.94 and its two-hundred day moving average is $8.52. The firm has a market cap of $63.92 billion, a P/E ratio of 7.97 and a beta of 0.95. 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 - Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. NatWest Group had a return on equity of 13.79% and a net margin of 19.61%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.17 billion.

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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