NatWest Group (NYSE:NWG) Rating Reiterated by JPMorgan Chase & Co.

NatWest Group (NYSE:NWG)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, The Fly reports.

Several other research firms also recently commented on NWG. Royal Bank of Canada raised shares of NatWest Group from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 20th. Exane BNP Paribas raised shares of NatWest Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 23rd. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research note on Tuesday. The Goldman Sachs Group raised shares of NatWest Group from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 17th. Finally, Berenberg Bank reissued a “buy” rating on shares of NatWest Group in a research note on Tuesday, May 4th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $3.25.

NWG traded up $0.05 on Friday, reaching $5.83. The company had a trading volume of 13,364 shares, compared to its average volume of 1,512,924. The business has a 50 day moving average of $5.58. The stock has a market capitalization of $34.33 billion, a P/E ratio of -83.29 and a beta of 1.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.05 and a current ratio of 1.05. NatWest Group has a 52-week low of $2.34 and a 52-week high of $6.01.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, April 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. NatWest Group had a negative net margin of 2.75% and a positive return on equity of 3.76%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in shares of NatWest Group in the first quarter worth $29,000. Greenleaf Trust bought a new stake in NatWest Group in the fourth quarter valued at $45,000. Alliancebernstein L.P. bought a new stake in NatWest Group in the fourth quarter valued at $52,000. XTX Topco Ltd bought a new stake in NatWest Group in the first quarter valued at $65,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in NatWest Group in the first quarter valued at $72,000. 0.48% of the stock is currently owned by institutional investors.

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. It operates through Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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Analyst Recommendations for NatWest Group (NYSE:NWG)

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