NatWest Group plc (NYSE:NWG) Given Average Rating of “Moderate Buy” by Brokerages

NatWest Group plc (NYSE:NWG) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

NWG has been the subject of a number of recent research reports. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Berenberg Bank initiated coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. 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.

NatWest Group Price Performance

NatWest Group stock traded up $0.01 during trading hours on Friday, reaching $17.77. 2,131,851 shares of the stock were exchanged, compared to its average volume of 5,253,121. The company has a market cap of $70.87 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group has a twelve month low of $13.16 and a twelve month high of $19.35. The stock has a 50 day moving average of $16.40 and a two-hundred day moving average of $16.52.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. Equities analysts expect that NatWest Group will post 1.95 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC increased its position in NatWest Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after buying an additional 1,677,879 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in NatWest Group in the third quarter worth $16,650,000. Bank of America Corp DE boosted its holdings in NatWest Group by 17.8% in the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after acquiring an additional 1,048,804 shares in the last quarter. Morgan Stanley grew its stake in shares of NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after acquiring an additional 1,009,044 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of NatWest Group by 150.7% in the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock worth $22,822,000 after acquiring an additional 969,546 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

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.