NatWest Group plc (NYSE:NWG - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.89, but opened at $13.11. NatWest Group shares last traded at $13.03, with a volume of 2,664,562 shares trading hands.
Analysts Set New Price Targets
Separately, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NatWest Group presently has a consensus rating of "Buy".
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NatWest Group Stock Performance
The stock's 50 day moving average price is $13.75 and its 200 day moving average price is $12.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a market cap of $54.40 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.79 and a beta of 1.01.
NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.
Institutional Trading of NatWest Group
A number of institutional investors and hedge funds have recently bought and sold shares of NWG. Bessemer Group Inc. boosted its holdings in NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after acquiring an additional 1,659 shares during the period. Zions Bancorporation National Association UT purchased a new position in NatWest Group in the 1st quarter worth approximately $29,000. Pinnacle Bancorp Inc. purchased a new position in NatWest Group in the 1st quarter worth approximately $30,000. Wayfinding Financial LLC purchased a new position in NatWest Group in the 1st quarter worth approximately $39,000. Finally, Whittier Trust Co. purchased a new position in NatWest Group in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 1.27% of the company's stock.
NatWest Group Company Profile
(
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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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