The Goldman Sachs Group Reiterates Neutral Rating for NatWest Group (NYSE:NWG)

NatWest Group (NYSE:NWG)‘s stock had its “neutral” rating reiterated by analysts at The Goldman Sachs Group in a note issued to investors on Thursday, Marketbeat Ratings reports.

Several other research analysts have also weighed in on NWG. BNP Paribas Exane lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Finally, BNP Paribas downgraded NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

NatWest Group Stock Performance

NWG stock opened at $16.51 on Thursday. NatWest Group has a twelve month low of $9.16 and a twelve month high of $16.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $66.14 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. The business’s fifty day moving average is $15.36 and its 200-day moving average is $14.54.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The business had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Equities research analysts forecast that NatWest Group will post 1.35 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

Several institutional investors have recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC bought a new stake in shares of NatWest Group in the second quarter valued at about $26,000. Larson Financial Group LLC grew its holdings in shares of NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC raised its position 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 during the last quarter. Zions Bancorporation National Association UT bought a new stake in NatWest Group in the 1st quarter valued at approximately $29,000. Finally, Bessemer Group Inc. boosted its position 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 acquiring an additional 972 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

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.