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

NatWest Group plc (NYSE:NWG) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts have recently weighed in on NWG shares. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Keefe, Bruyette & Woods lowered NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Berenberg Bank assumed coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC grew its holdings in NatWest Group by 5.8% in the second quarter. Gradient Investments LLC now owns 349,922 shares of the company’s stock worth $6,169,000 after purchasing an additional 19,103 shares during the period. Trust Point Inc. raised its holdings in shares of NatWest Group by 5.8% during the second quarter. Trust Point Inc. now owns 14,990 shares of the company’s stock valued at $264,000 after purchasing an additional 824 shares during the period. 55 North Private Wealth LLC acquired a new position in shares of NatWest Group during the second quarter valued at about $246,000. Baron Wealth Management LLC boosted its position in shares of NatWest Group by 14.8% during the 2nd quarter. Baron Wealth Management LLC now owns 55,179 shares of the company’s stock worth $973,000 after purchasing an additional 7,121 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of NatWest Group by 15.9% during the 2nd quarter. GAMMA Investing LLC now owns 23,356 shares of the company’s stock worth $412,000 after purchasing an additional 3,210 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Trading Down 1.4%

NYSE:NWG opened at $17.25 on Friday. NatWest Group has a 52 week low of $13.16 and a 52 week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s fifty day moving average is $16.48 and its 200-day moving average is $16.51. The firm has a market cap of $68.79 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.90 and a beta of 0.92.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. Equities analysts expect that NatWest Group will post 1.94 earnings per share for the current year.

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.