NatWest Group (NYSE:NWG) Now Covered by Analysts at Berenberg Bank

Stock analysts at Berenberg Bank started coverage on shares of NatWest Group (NYSE:NWG) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

NYSE NWG traded down $0.20 during trading hours on Wednesday, reaching $17.07. The company’s stock had a trading volume of 1,213,460 shares, compared to its average volume of 4,030,826. The firm has a market capitalization of $68.08 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.93 and a beta of 0.93. The company’s 50-day moving average is $16.02 and its two-hundred day moving average is $16.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. NatWest Group has a 1-year low of $12.91 and a 1-year high of $19.35.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. On average, equities analysts predict that NatWest Group will post 1.97 EPS for the current year.

Institutional Trading of NatWest Group

A number of institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its stake in NatWest Group by 136.0% during the third quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock worth $46,316,000 after purchasing an additional 1,886,141 shares during the period. Fisher Asset Management LLC boosted its stake in shares of NatWest Group by 4.5% in the third quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company’s stock valued at $555,166,000 after purchasing an additional 1,702,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of NatWest Group in the third quarter valued at approximately $16,650,000. Bank of America Corp DE increased its stake in NatWest Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after buying an additional 1,048,804 shares during the period. Finally, Morgan Stanley increased its stake in NatWest Group by 10.0% during the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after buying an additional 1,009,044 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.