NatWest Group plc (NYSE:NWG) Receives Average Recommendation of “Hold” from Analysts

NatWest Group plc (NYSE:NWG) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company.

Several research analysts have recently issued reports on the company. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Finally, BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th.

NatWest Group Price Performance

Shares of NWG opened at $17.54 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group has a fifty-two week low of $9.16 and a fifty-two week high of $17.75. The company has a market cap of $70.27 billion, a P/E ratio of 10.19, a PEG ratio of 0.78 and a beta of 1.00. The firm’s 50 day moving average price is $16.19 and its 200 day moving average price is $14.87.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.63 billion. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%. On average, research analysts forecast that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of NatWest Group

Hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL purchased a new position in NatWest Group during the 3rd quarter worth $6,969,000. Allworth Financial LP increased its stake in shares of NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after acquiring an additional 1,784 shares during the period. Coldstream Capital Management Inc. raised its holdings in NatWest Group by 33.7% during the third quarter. Coldstream Capital Management Inc. now owns 49,088 shares of the company’s stock worth $695,000 after purchasing an additional 12,370 shares in the last quarter. Advisory Services Network LLC purchased a new position in NatWest Group during the third quarter worth about $90,000. Finally, NewEdge Advisors LLC lifted its position in NatWest Group by 17.0% in the third quarter. NewEdge Advisors LLC now owns 51,001 shares of the company’s stock valued at $722,000 after purchasing an additional 7,425 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.