NatWest Group (NYSE:NWG) Sets New 52-Week High - Should You Buy?

Shares of NatWest Group plc (NYSE:NWG - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $14.42 and last traded at $14.39, with a volume of 2509993 shares traded. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Finally, Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy".

NatWest Group Trading Up 1.1%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm's 50-day moving average price is $12.88 and its 200 day moving average price is $11.55. The company has a market cap of $58.07 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share 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 the consensus estimate of $3.80 billion. As a group, equities analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently modified their holdings of NWG. New York State Common Retirement Fund acquired a new stake in NatWest Group in the 4th quarter valued at $216,000. Raymond James Financial Inc. bought a new position in shares of NatWest Group in the fourth quarter valued at $27,339,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of NatWest Group by 153.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock valued at $715,000 after buying an additional 42,567 shares during the last quarter. Natixis Advisors LLC increased its position in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock worth $113,072,000 after acquiring an additional 408,239 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of NatWest Group by 11.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,035 shares of the company's stock worth $245,000 after acquiring an additional 2,416 shares during the last quarter. 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.