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

Shares of NatWest Group plc (NYSE:NWG) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have issued reports on NWG. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings downgraded NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods downgraded NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen upgraded NatWest Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.

NatWest Group Stock Down 0.7%

Shares of NYSE:NWG opened at $16.47 on Tuesday. 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 firm has a market capitalization of $65.64 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. The firm’s 50-day moving average is $15.89 and its two-hundred day moving average is $16.42. NatWest Group has a 1 year low of $12.91 and a 1 year high of $19.35.

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

Institutional Trading of NatWest Group

Several hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its stake in NatWest Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after acquiring an additional 1,677,879 shares in the last quarter. Capital International Investors raised its stake in NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after acquiring an additional 156,832 shares in the last quarter. Natixis Advisors LLC raised its stake in NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock valued at $234,498,000 after acquiring an additional 494,472 shares in the last quarter. Morgan Stanley raised its stake 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 acquiring an additional 1,009,044 shares in the last quarter. Finally, Bank of America Corp DE raised its stake 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 acquiring an additional 1,048,804 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

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.