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

Shares of NatWest Group plc (NYSE:NWG) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four 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 equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded NatWest Group from a “hold” rating to a “buy” rating in a report on Sunday, June 14th.

NatWest Group Stock Up 4.3%

Shares of NatWest Group stock opened at $17.48 on Tuesday. The business’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $16.43. 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 $69.71 billion, a P/E ratio of 9.30, a PEG ratio of 0.89 and a beta of 0.93. NatWest Group has a 1-year low of $12.91 and a 1-year high of $19.35.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, beating 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. As a group, research analysts forecast that NatWest Group will post 1.97 EPS for the current year.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in shares of NatWest Group by 4.3% in 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 during the last quarter. Capital International Investors grew its holdings in shares of NatWest Group by 1.2% in 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 during the last quarter. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 3.8% in 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 during the last quarter. Morgan Stanley grew its holdings in shares of NatWest Group by 10.0% in the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after acquiring an additional 1,009,044 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of NatWest Group by 17.8% in the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after acquiring an additional 1,048,804 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.