NatWest Group (NYSE:NWG) Rating Lowered to “Neutral” at BNP Paribas

NatWest Group (NYSE:NWG) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

NatWest Group Price Performance

Shares of NYSE NWG opened at $12.57 on Tuesday. NatWest Group has a twelve month low of $6.17 and a twelve month high of $12.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $50.60 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.85 and a beta of 1.22. The firm has a 50-day moving average of $10.78 and a two-hundred day moving average of $10.03.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. As a group, analysts expect that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of NatWest Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. OneAscent Financial Services LLC raised its holdings in NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after buying an additional 926 shares during the period. Adero Partners LLC raised its holdings in NatWest Group by 9.5% during the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock worth $119,000 after buying an additional 1,014 shares during the period. Raymond James Trust N.A. raised its holdings in NatWest Group by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock worth $336,000 after buying an additional 1,039 shares during the period. Gallacher Capital Management LLC raised its holdings in NatWest Group by 2.3% during the 4th quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after buying an additional 1,093 shares during the period. Finally, Pitcairn Co. raised its holdings in NatWest Group by 7.4% during the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock worth $175,000 after buying an additional 1,193 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.