NatWest Group (NYSE:NWG) Shares Gap Down – Should You Sell?

Shares of NatWest Group plc (NYSE:NWG) gapped down before the market opened on Tuesday . The stock had previously closed at $10.37, but opened at $10.11. NatWest Group shares last traded at $10.00, with a volume of 281,606 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NWG shares. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

NatWest Group Stock Performance

The company has a market cap of $39.61 billion, a price-to-earnings ratio of 7.46 and a beta of 1.31. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $9.38.

Institutional Trading of NatWest Group

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of NatWest Group by 56.0% in the fourth quarter. GAMMA Investing LLC now owns 11,529 shares of the company’s stock valued at $117,000 after purchasing an additional 4,138 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in NatWest Group in the 3rd quarter worth $33,000. Sanctuary Advisors LLC boosted its position in NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after buying an additional 196,724 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of NatWest Group by 2.8% during the third quarter. Rehmann Capital Advisory Group now owns 62,994 shares of the company’s stock valued at $590,000 after acquiring an additional 1,709 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of NatWest Group by 204.2% during the third quarter. TD Private Client Wealth LLC now owns 24,668 shares of the company’s stock worth $231,000 after acquiring an additional 16,558 shares during the last quarter. 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.