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

NatWest Group plc (NYSE:NWG) has been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

A number of research firms recently weighed in on NWG. Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Thursday.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $17.68 on Friday. NatWest Group has a twelve month low of $10.40 and a twelve month high of $18.19. The stock’s 50 day moving average is $16.93 and its 200-day moving average is $15.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $70.76 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.69 and a beta of 0.99.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, October 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. Sell-side analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of NatWest Group by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company’s stock worth $555,166,000 after buying an additional 1,702,930 shares in the last quarter. Capital International Investors increased its position 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 acquiring an additional 156,832 shares during the last quarter. Natixis Advisors LLC lifted its holdings in NatWest Group by 7.1% during the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after acquiring an additional 851,997 shares during the period. L1 Capital Pty Ltd purchased a new position in NatWest Group in the second quarter worth $146,913,000. Finally, Goldman Sachs Group Inc. grew its stake in NatWest Group by 7.6% in 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. 1.27% of the stock is currently 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.