NatWest Group plc (NYSE:NWG) Receives Average Rating of “Moderate Buy” from Analysts

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

Several equities research analysts recently issued reports on NWG shares. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Berenberg Bank began coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th.

Hedge Funds Weigh In On NatWest Group

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of NatWest Group by 47.0% during the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after purchasing an additional 90,057 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of NatWest Group by 14,445.1% in the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock worth $177,000 after purchasing an additional 14,734 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Jane Street Group LLC acquired a new position in NatWest Group during the 1st quarter valued at approximately $2,282,000. Finally, Focus Partners Wealth grew its stake in NatWest Group by 70.6% during the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock worth $290,000 after buying an additional 10,034 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Down 0.6%

Shares of NatWest Group stock opened at $17.82 on Friday. The business has a 50-day moving average price of $16.58 and a 200 day moving average price of $16.51. NatWest Group has a fifty-two week low of $13.27 and a fifty-two week high of $19.35. The firm has a market cap of $71.05 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. On average, sell-side analysts forecast that NatWest Group will post 1.94 earnings per share for the current fiscal year.

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.