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NatWest Group plc (NYSE:NWG – Get Free Report) has been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
A number of analysts have recently commented on NWG shares. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. Citigroup reissued a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th.
NatWest Group Stock Up 1.3%
NWG opened at $14.14 on Friday. NatWest Group has a one year low of $7.80 and a one year high of $14.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $12.43 and its 200-day moving average is $11.26. The company has a market capitalization of $56.92 billion, a PE ratio of 10.39, a P/E/G ratio of 0.85 and a beta of 1.01.
NatWest Group (NYSE:NWG – Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, equities analysts predict that NatWest Group will post 1.35 EPS for the current fiscal year.
Institutional Investors Weigh In On NatWest Group
A number of institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in NatWest Group during the fourth quarter valued at $216,000. Raymond James Financial Inc. acquired a new position in NatWest Group during the fourth quarter valued at $27,339,000. Schonfeld Strategic Advisors LLC raised its position in NatWest Group by 153.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company’s stock valued at $715,000 after buying an additional 42,567 shares during the period. Natixis Advisors LLC raised its position in NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares during the period. Finally, Perigon Wealth Management LLC raised its position in NatWest Group by 13.3% during the fourth quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company’s stock valued at $122,000 after buying an additional 1,411 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.
NatWest Group Company Profile
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.
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