NatWest Group (NYSE:NWG) Hits New 1-Year High – Should You Buy?

NatWest Group plc (NYSE:NWG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $17.49 and last traded at $17.4750, with a volume of 1659868 shares changing hands. The stock had previously closed at $17.31.

Analyst Ratings Changes

A number of research firms have weighed in on NWG. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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 capitalization of $70.45 billion, a PE ratio of 10.22, a PEG ratio of 0.77 and a beta of 1.00. The firm’s 50-day simple moving average is $16.01 and its 200-day simple moving average is $14.79.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $5.82 billion for 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%. On average, research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently made changes to their positions in NWG. Tudor Investment Corp ET AL bought a new stake in shares of NatWest Group in the third quarter valued at about $6,969,000. Allworth Financial LP lifted its position in shares of NatWest Group by 186.8% in the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after purchasing an additional 1,784 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of NatWest Group by 33.7% during the third quarter. Coldstream Capital Management Inc. now owns 49,088 shares of the company’s stock valued at $695,000 after purchasing an additional 12,370 shares in the last quarter. Advisory Services Network LLC purchased a new position in NatWest Group during the third quarter valued at approximately $90,000. Finally, NewEdge Advisors LLC raised its stake in NatWest Group by 17.0% in the third quarter. NewEdge Advisors LLC now owns 51,001 shares of the company’s stock worth $722,000 after buying an additional 7,425 shares in the last quarter. Hedge funds and other institutional investors 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.