NatWest Group (NYSE:NWG) Reaches New 1-Year High – Should You Buy?

NatWest Group plc (NYSE:NWG) reached a new 52-week high during trading on Friday . The stock traded as high as $9.84 and last traded at $9.81, with a volume of 808393 shares changing hands. The stock had previously closed at $9.56.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NWG shares. UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Price Performance

The firm has a market cap of $40.53 billion, a P/E ratio of 7.39 and a beta of 1.32. The company has a fifty day moving average of $9.22 and a 200-day moving average of $8.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.08.

Institutional Trading of NatWest Group

Several institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC grew its position in NatWest Group by 28.4% in the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of NatWest Group in the third quarter valued at approximately $11,420,000. Raymond James & Associates increased its position in shares of NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after acquiring an additional 765,671 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after acquiring an additional 627,097 shares during the period. Finally, US Bancorp DE boosted its position in NatWest Group by 352.4% in the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after purchasing an additional 442,002 shares during the last quarter. Institutional investors 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.