NatWest Group (NYSE:NWG) Sets New 52-Week High – Still a Buy?

NatWest Group plc (NYSE:NWG) reached a new 52-week high during trading on Friday . The stock traded as high as $10.35 and last traded at $10.35, with a volume of 613680 shares changing hands. The stock had previously closed at $10.03.

Wall Street Analyst Weigh In

NWG has been the subject of several research reports. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. Finally, Kepler Capital Markets began coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group currently has an average rating of “Buy”.

NatWest Group Stock Up 3.1 %

The firm’s 50 day moving average price is $9.62 and its two-hundred day moving average price is $8.95. The firm has a market capitalization of $42.94 billion, a PE ratio of 7.60 and a beta of 1.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC increased its holdings in NatWest Group by 285.3% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the last quarter. Private Trust Co. NA grew its position in shares of NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after buying an additional 1,499 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after buying an additional 1,259 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in NatWest Group by 134.5% in the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in NatWest Group during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.