NatWest Group (NYSE:NWG) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

NatWest Group plc (NYSE:NWG – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $16.94 and last traded at $16.9050, with a volume of 568484 shares. The stock had previously closed at $16.50.

Analysts Set New Price Targets

NWG has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. BNP Paribas downgraded NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. BNP Paribas Exane cut NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NatWest Group currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on NWG

NatWest Group Trading Up 2.3%

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $15.58 and a 200-day moving average price of $14.63. The company has a market capitalization of $67.63 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.73 and a beta of 1.00.

NatWest Group (NYSE:NWG – Get Free Report) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate 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. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

Institutional Trading of NatWest Group

A number of large investors have recently added to or reduced their stakes in NWG. L1 Capital Pty Ltd purchased a new position in NatWest Group during the 2nd quarter valued at about $146,913,000. Fisher Asset Management LLC boosted its stake in shares of NatWest Group by 13.1% during the 2nd quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock valued at $531,069,000 after buying an additional 4,355,850 shares during the period. Millennium Management LLC boosted its stake in shares of NatWest Group by 364.3% during the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company’s stock valued at $35,021,000 after buying an additional 2,305,175 shares during the period. Bank of Montreal Can grew its holdings in shares of NatWest Group by 136.0% during the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock valued at $46,316,000 after acquiring an additional 1,886,141 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of NatWest Group in the third quarter worth $16,650,000. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Company Profile

(Get Free Report)

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.

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