NatWest Group (NYSE:NWG) Sets New 1-Year High – Time to Buy?

NatWest Group plc (NYSE:NWG) shares reached a new 52-week high on Monday . The company traded as high as $18.67 and last traded at $18.58, with a volume of 627450 shares traded. The stock had previously closed at $18.23.

Analyst Ratings Changes

Several brokerages have weighed in on NWG. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

NatWest Group Stock Performance

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $75.08 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96. The company has a 50 day moving average price of $17.22 and a 200-day moving average price of $15.54.

Institutional Trading of NatWest Group

A number of hedge funds have recently added to or reduced their stakes in NWG. Larson Financial Group LLC boosted its holdings in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in shares of NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after purchasing an additional 972 shares during the last quarter. American National Bank & Trust acquired a new position in shares of NatWest Group in the fourth quarter valued at approximately $31,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in NatWest Group during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds 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.