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

Shares of NatWest Group plc (NYSE:NWG) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have issued reports on NWG. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Berenberg Bank began coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th.

NatWest Group Trading Up 0.6%

NWG opened at $17.95 on Friday. The firm’s fifty day moving average is $16.62 and its two-hundred day moving average is $16.52. The firm has a market cap of $71.54 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. NatWest Group has a twelve month low of $13.30 and a twelve month high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. Equities research analysts anticipate that NatWest Group will post 1.94 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

Several large investors have recently made changes to their positions in NWG. Fisher Asset Management LLC increased its holdings in NatWest Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock worth $715,964,000 after buying an additional 1,677,879 shares during the last quarter. Natixis Advisors LLC raised its position in NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock worth $234,498,000 after acquiring an additional 494,472 shares in the last quarter. Morgan Stanley lifted its stake in NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after acquiring an additional 1,009,044 shares during the last quarter. Bank of America Corp DE grew its position in shares of NatWest Group by 17.8% in the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after acquiring an additional 1,048,804 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of NatWest Group by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock valued at $120,024,000 after acquiring an additional 18,334 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Company Profile

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.