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

NatWest Group plc (NYSE:NWG) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

Several analysts have recently issued reports on NWG shares. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen raised NatWest Group from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

Institutional Trading of NatWest Group

Several hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC raised its holdings in shares of NatWest Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock worth $715,964,000 after acquiring an additional 1,677,879 shares in the last quarter. Capital International Investors raised its holdings in shares of NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after acquiring an additional 156,832 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of NatWest Group by 3.8% during the 4th 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 raised its holdings in NatWest Group by 10.0% during the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after buying an additional 1,009,044 shares during the period. Finally, Bank of America Corp DE raised its holdings 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 valued at $103,529,000 after buying an additional 1,048,804 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Trading Up 0.2%

NWG stock opened at $16.81 on Tuesday. NatWest Group has a 1-year low of $12.91 and a 1-year high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.89 and a beta of 0.93. The business has a 50 day simple moving average of $15.99 and a two-hundred day simple moving average of $16.43.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.80 billion. Research analysts anticipate that NatWest Group will post 1.97 EPS for the current fiscal year.

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.