NatWest Group (NYSE:NWG) Receives “Sector Perform” Rating from Royal Bank of Canada


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NatWest Group (NYSE:NWG)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Tuesday, The Fly reports.

NWG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of NatWest Group in a report on Monday, April 12th. Societe Generale reissued a “buy” rating on shares of NatWest Group in a report on Monday, February 22nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of NatWest Group in a report on Friday. Berenberg Bank reiterated a “buy” rating on shares of NatWest Group in a research note on Tuesday. Finally, Morgan Stanley restated an “overweight” rating on shares of NatWest Group in a research note on Friday. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $89.13.

NYSE NWG traded down $0.11 during trading hours on Tuesday, reaching $5.39. 91,254 shares of the company traded hands, compared to its average volume of 1,504,950. The stock has a market capitalization of $31.74 billion, a PE ratio of 31.71 and a beta of 1.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.24. NatWest Group has a 12 month low of $2.34 and a 12 month high of $5.70. The company has a 50 day moving average of $5.37 and a two-hundred day moving average of $4.54.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Thursday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. NatWest Group had a net margin of 5.25% and a return on equity of 6.48%. On average, equities research analysts anticipate that NatWest Group will post -0.11 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of NWG. Advisor Partners LLC bought a new position in NatWest Group in the 3rd quarter worth approximately $40,000. Greenleaf Trust acquired a new position in NatWest Group during the 4th quarter worth $45,000. Alliancebernstein L.P. bought a new position in shares of NatWest Group in the fourth quarter worth $52,000. XTX Markets LLC acquired a new position in shares of NatWest Group during the fourth quarter valued at $58,000. Finally, M&T Bank Corp bought a new stake in shares of NatWest Group during the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers. It operates through Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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The Fly

Analyst Recommendations for NatWest Group (NYSE:NWG)

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