NatWest Group (NYSE:NWG) Given Buy (B) Rating at Weiss Ratings

Key Points

• NatWest Group has been given a "buy (B)" rating from Weiss Ratings, reaffirming investor confidence in the stock.
• While Weiss Ratings remains positive, other analysts like BNP Paribas have downgraded the stock to "strong sell," resulting in a mixed consensus of "hold" from various brokerages.
• The stock is currently trading at $14.63, showing a slight decrease of 0.9% during the trading session, with a market capitalization of $59.07 billion.

NatWest Group (NYSE:NWG - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently commented on NWG. BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Zacks Research lowered shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, BNP Paribas Exane lowered shares of NatWest Group from a "neutral" rating to an "underperform" rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

NatWest Group Stock Down 0.9%

Shares of NWG stock traded down $0.14 during trading hours on Wednesday, hitting $14.63. 148,337 shares of the company were exchanged, compared to its average volume of 4,624,100. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group has a one year low of $9.16 and a one year high of $15.52. The business's 50-day simple moving average is $14.39 and its two-hundred day simple moving average is $13.61. The stock has a market capitalization of $59.07 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.82 and a beta of 1.05.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The business had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. Sell-side analysts predict that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of NatWest Group by 1,274.1% in the first quarter. GAMMA Investing LLC now owns 158,417 shares of the company's stock valued at $1,888,000 after acquiring an additional 146,888 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of NatWest Group by 19.4% in the first quarter. Rhumbline Advisers now owns 31,334 shares of the company's stock valued at $374,000 after acquiring an additional 5,089 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of NatWest Group by 33.2% in the first quarter. Merit Financial Group LLC now owns 22,744 shares of the company's stock valued at $271,000 after acquiring an additional 5,670 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of NatWest Group by 51.2% in the first quarter. Park Avenue Securities LLC now owns 81,607 shares of the company's stock valued at $973,000 after acquiring an additional 27,642 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new position in shares of NatWest Group in the first quarter valued at approximately $170,000. Institutional investors and hedge funds own 1.27% 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 in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.

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