BNP Paribas Exane Upgrades NatWest Group (NYSE:NWG) to “Hold”

NatWest Group (NYSE:NWG) was upgraded by equities researchers at BNP Paribas Exane from a “strong sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

NYSE:NWG opened at $16.58 on Friday. The company has a market cap of $66.25 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. NatWest Group has a fifty-two week low of $10.40 and a fifty-two week high of $19.35. The stock has a fifty day moving average price of $17.42 and a 200-day moving average price of $15.97.

NatWest Group (NYSE:NWG) last released its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.59 billion. As a group, equities analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Trading of NatWest Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after buying an additional 1,765 shares in the last quarter. Bessemer Group Inc. boosted its stake in NatWest Group by 88.7% during the 3rd 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 purchased a new stake 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 fourth quarter worth about $34,000. 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.