NatWest Group plc (NYSE:NWG) Given Consensus Rating of “Moderate Buy” by Brokerages

NatWest Group plc (NYSE:NWG) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Sunday. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

NatWest Group Stock Down 0.7%

NYSE:NWG opened at $16.47 on Tuesday. NatWest Group has a 1-year low of $12.91 and a 1-year high of $19.35. The company has a 50-day moving average of $15.89 and a 200 day moving average of $16.42. The firm has a market cap of $65.64 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. As a group, research analysts anticipate that NatWest Group will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthstar Advisors LLC raised its holdings in NatWest Group by 1.5% in the 4th quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock valued at $710,000 after buying an additional 595 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in NatWest Group by 17.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock valued at $82,000 after buying an additional 695 shares during the period. Evergreen Capital Management LLC raised its holdings in NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after buying an additional 697 shares during the period. Vise Technologies Inc. raised its holdings in NatWest Group by 1.6% in the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after buying an additional 733 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in NatWest Group by 5.6% in the 4th quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock valued at $268,000 after buying an additional 812 shares during the period. Institutional investors and hedge funds 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.