NatWest Group (NYSE:NWG) Cut to “Sell” at Zacks Investment Research

NatWest Group (NYSE:NWGGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Natwest Group plc operates as a banking and financial services company. It provides personal and business banking, consumer loans, asset and invoice finances, commercial and residential mortgages, credit cards and financial planning services, as well as life, personal and income protection insurance. Natwest Group plc, formerly known as The Royal Bank of Scotland Group plc, is based in Edinburgh, the United Kingdom. “

Other analysts have also recently issued research reports about the stock. UBS Group boosted their target price on shares of NatWest Group from GBX 290 ($3.58) to GBX 300 ($3.70) in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 240 ($2.96) to GBX 250 ($3.08) in a research note on Thursday, May 5th. Royal Bank of Canada boosted their target price on shares of NatWest Group from GBX 280 ($3.45) to GBX 300 ($3.70) in a research note on Wednesday, March 2nd. HSBC raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. Finally, TheStreet raised shares of NatWest Group from a “c” rating to a “b-” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $274.62.

Shares of NYSE:NWG opened at $5.11 on Friday. The company’s 50 day simple moving average is $5.62 and its 200 day simple moving average is $6.02. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.07. NatWest Group has a 1 year low of $4.99 and a 1 year high of $6.99.

NatWest Group (NYSE:NWGGet Rating) last announced its quarterly earnings data on Friday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. NatWest Group had a net margin of 25.16% and a return on equity of 7.26%. As a group, analysts anticipate that NatWest Group will post 0.66 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in NatWest Group by 948.5% in the 4th quarter. Bank of America Corp DE now owns 1,401,885 shares of the company’s stock worth $8,566,000 after buying an additional 1,268,177 shares during the period. Brandes Investment Partners LP bought a new position in NatWest Group in the 1st quarter valued at $5,065,000. Citigroup Inc. lifted its holdings in shares of NatWest Group by 763.3% during the 3rd quarter. Citigroup Inc. now owns 672,845 shares of the company’s stock worth $4,097,000 after acquiring an additional 594,905 shares during the last quarter. Todd Asset Management LLC bought a new stake in shares of NatWest Group during the 4th quarter worth $3,232,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of NatWest Group during the 4th quarter worth $3,232,000. Institutional investors own 0.59% of the company’s stock.

About NatWest Group (Get Rating)

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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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