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

NatWest Group plc (NYSE:NWG) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Separately, Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th.

NatWest Group Stock Performance

NYSE NWG opened at $13.45 on Monday. The business’s 50-day moving average price is $13.75 and its 200 day moving average price is $12.11. NatWest Group has a twelve month low of $8.08 and a twelve month high of $14.55. The company has a market capitalization of $54.40 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $3.80 billion. On average, research analysts predict that NatWest Group will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in shares of NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after purchasing an additional 1,311,476 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of NatWest Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock valued at $74,473,000 after purchasing an additional 216,053 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after buying an additional 455,538 shares during the period. Bank of America Corp DE raised its holdings in shares of NatWest Group by 25.1% during the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after buying an additional 944,464 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of NatWest Group by 11.0% during the 1st quarter. Northern Trust Corp now owns 3,599,561 shares of the company’s stock valued at $42,907,000 after buying an additional 356,483 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

About NatWest Group

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.