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

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

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

NatWest Group Stock Performance

NatWest Group stock opened at $13.95 on Friday. NatWest Group has a 12-month low of $7.80 and a 12-month high of $13.95. The company has a market capitalization of $56.18 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $12.35 and its 200 day moving average price is $11.21.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. On average, research analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On NatWest Group

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after purchasing an additional 1,659 shares during the period. Zions Bancorporation National Association UT acquired a new position in NatWest Group during the 1st quarter valued at about $29,000. Pinnacle Bancorp Inc. acquired a new position in NatWest Group during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new position in NatWest Group during the 4th quarter valued at about $27,000. Finally, First Horizon Advisors Inc. boosted its stake in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after purchasing an additional 1,787 shares during the period. Institutional investors 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.