NatWest Group (NYSE:NWG) Upgraded to Overweight at Barclays

Key Points

• Barclays upgraded NatWest Group to “overweight” from “equal weight,” joining several analysts who have recently issued more bullish ratings. MarketBeat’s consensus rating is currently “Moderate Buy.”
• NatWest reported quarterly EPS of $0.54, exceeding the $0.45 consensus estimate, while revenue came in at $5.89 billion versus expectations of $5.90 billion.
• The stock opened at $17.23, with a market capitalization of approximately $68.4 billion and a 52-week trading range of $13.76 to $19.42.

NatWest Group (NYSE:NWG - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a note issued to investors on Tuesday, Briefing.com reports.

Several other analysts also recently commented on the company. Berenberg Bank initiated coverage on NatWest Group in a research note on Wednesday, June 24th. They set a "buy" rating on the stock. Wall Street Zen downgraded NatWest Group from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Morgan Stanley raised NatWest Group from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, September 2nd. Weiss Ratings upgraded NatWest Group from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NatWest Group currently has a consensus rating of "Moderate Buy".

NatWest Group Stock Up 0.6%

NWG opened at $17.23 on Tuesday. The firm has a market cap of $68.40 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.81 and a beta of 0.94. NatWest Group has a twelve month low of $13.76 and a twelve month high of $19.42. The firm's 50-day simple moving average is $18.49 and its 200-day simple moving average is $17.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Equities research analysts anticipate that NatWest Group will post 1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riversedge Advisors LLC acquired a new stake in shares of NatWest Group in the 3rd quarter valued at $241,000. Wedmont Private Capital acquired a new position in shares of NatWest Group during the 3rd quarter worth $192,000. Athena Wealth Management LLC bought a new stake in shares of NatWest Group during the 3rd quarter worth $295,000. GAMMA Investing LLC lifted its position in shares of NatWest Group by 9.7% during the 3rd quarter. GAMMA Investing LLC now owns 25,626 shares of the company's stock worth $465,000 after buying an additional 2,270 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in NatWest Group by 25.4% in the third quarter. Farther Finance Advisors LLC now owns 33,501 shares of the company's stock valued at $608,000 after buying an additional 6,787 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank in Northern Ireland and Coutts, it provides banking and financial solutions to individuals, families, businesses and institutional clients.

The group's activities include personal and premier banking, current and savings accounts, residential mortgages, consumer lending, credit cards, wealth management, business banking, commercial lending, transaction services and investment banking.

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