NatWest Group (NYSE:NWG) Coverage Initiated by Analysts at Kepler Capital Markets

Kepler Capital Markets began coverage on shares of NatWest Group (NYSE:NWG) in a report issued on Thursday, Briefing.com reports. The brokerage set a “buy” rating on the stock.

Separately, UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Stock Performance

NWG opened at $8.89 on Thursday. NatWest Group has a twelve month low of $4.30 and a twelve month high of $9.68. The firm has a market capitalization of $37.01 billion, a PE ratio of 7.23, a PEG ratio of 2.06 and a beta of 1.33. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $8.81 and its 200 day moving average price is $7.84.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $4.62 billion for the quarter. As a group, sell-side analysts expect that NatWest Group will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWG. Gordian Capital Singapore Pte Ltd purchased a new stake in NatWest Group in the 2nd quarter valued at about $1,606,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of NatWest Group by 9.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after purchasing an additional 224,900 shares during the period. Truist Financial Corp boosted its position in shares of NatWest Group by 21.7% during the 2nd quarter. Truist Financial Corp now owns 64,187 shares of the company’s stock worth $515,000 after purchasing an additional 11,464 shares during the period. Creative Planning increased its holdings in NatWest Group by 33.9% in the 2nd quarter. Creative Planning now owns 119,201 shares of the company’s stock valued at $957,000 after purchasing an additional 30,151 shares during the last quarter. Finally, Ascent Group LLC purchased a new stake in NatWest Group in the second quarter valued at approximately $130,000. Institutional investors and hedge funds 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.