NatWest Group (OTCMKTS:RBSPF) Shares Gap Up – Should You Buy?

NatWest Group PLC (OTCMKTS:RBSPF) gapped up before the market opened on Friday . The stock had previously closed at $8.55, but opened at $9.0150. NatWest Group shares last traded at $9.01, with a volume of 887 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $8.42 and a 200 day simple moving average of $8.26. The stock has a market capitalization of $70.55 billion, a price-to-earnings ratio of 9.47 and a beta of 0.98.

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.