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

NatWest Group plc (NYSE:NWG) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have issued reports on NWG shares. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $15.81 on Friday. The firm has a market cap of $63.00 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The firm’s 50 day simple moving average is $15.51 and its 200-day simple moving average is $16.38. NatWest Group has a one year low of $12.91 and a one year high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last issued 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 business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. As a group, equities analysts predict that NatWest Group will post 1.97 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its holdings in shares of NatWest Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after buying an additional 1,677,879 shares during the last quarter. Capital International Investors grew its holdings in shares of NatWest Group by 1.2% during the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after buying an additional 156,832 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock valued at $234,498,000 after buying an additional 494,472 shares during the last quarter. Morgan Stanley grew its holdings in shares of NatWest Group by 10.0% during the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after buying 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% during the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after buying an additional 1,048,804 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.