NatWest Group plc (NYSE:NWG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of NatWest Group plc (NYSE:NWG) have been given an average rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Finally, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th.

Hedge Funds Weigh In On NatWest Group

A number of large investors have recently made changes to their positions in the stock. Natixis Advisors LLC increased its holdings 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 increased its holdings in NatWest Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock valued at $74,473,000 after acquiring an additional 216,053 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 acquiring an additional 455,538 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 acquiring an additional 944,464 shares in the last quarter. Finally, Todd Asset Management LLC increased its holdings in NatWest Group by 0.3% during the 4th quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after acquiring an additional 10,755 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 1.7%

Shares of NatWest Group stock opened at $14.24 on Thursday. The company has a market cap of $57.35 billion, a P/E ratio of 10.47, a PEG ratio of 0.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group has a one year low of $7.90 and a one year high of $14.55. The firm has a fifty day moving average of $13.29 and a two-hundred day moving average of $11.77.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $3.80 billion. On average, analysts forecast that NatWest Group will post 1.35 earnings per share for the current year.

NatWest Group Company Profile

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.