Jefferies Financial Group Comments on NatWest Group plc’s FY2021 Earnings (NYSE:NWG)

NatWest Group plc (NYSE:NWG) – Jefferies Financial Group issued their FY2021 earnings estimates for NatWest Group in a report issued on Tuesday, January 11th. Jefferies Financial Group analyst J. Dickerson forecasts that the company will post earnings of $0.95 per share for the year. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for NatWest Group’s Q4 2021 earnings at $0.21 EPS, FY2022 earnings at $0.75 EPS and FY2023 earnings at $0.88 EPS.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, October 29th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $3.62 billion for the quarter. NatWest Group had a net margin of 20.08% and a return on equity of 5.72%.

A number of other equities research analysts also recently issued reports on the stock. Barclays reaffirmed an “overweight” rating on shares of NatWest Group in a research report on Friday, October 15th. Societe Generale reaffirmed a “buy” rating on shares of NatWest Group in a report on Tuesday, November 2nd. Investec upgraded shares of NatWest Group from a “sell” rating to a “hold” rating in a research note on Monday, November 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of NatWest Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of NatWest Group in a research note on Friday, November 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.79.

NWG opened at $6.88 on Thursday. NatWest Group has a fifty-two week low of $3.93 and a fifty-two week high of $6.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day moving average is $6.03 and its 200 day moving average is $5.95. The firm has a market capitalization of $39.43 billion, a PE ratio of 11.86 and a beta of 1.39.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in NatWest Group during the 2nd quarter valued at about $60,000. Balyasny Asset Management LLC purchased a new position in shares of NatWest Group during the third quarter valued at approximately $67,000. M&T Bank Corp raised its holdings in shares of NatWest Group by 17.4% during the second quarter. M&T Bank Corp now owns 12,836 shares of the company’s stock valued at $73,000 after purchasing an additional 1,906 shares during the last quarter. Five Oceans Advisors purchased a new position in shares of NatWest Group during the third quarter valued at approximately $85,000. Finally, Bridgefront Capital LLC purchased a new position in shares of NatWest Group during the second quarter valued at approximately $82,000. 0.53% of the stock is owned by institutional investors.

NatWest Group Company Profile

NatWest Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments.

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