NatWest Group (NYSE:NWG) Sets New 52-Week High – What’s Next?

NatWest Group plc (NYSE:NWG) hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.97 and last traded at $10.93, with a volume of 563124 shares trading hands. The stock had previously closed at $10.76.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Price Performance

The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.80 and a beta of 1.30. The stock has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $9.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

Hedge Funds Weigh In On NatWest Group

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in NatWest Group in the fourth quarter valued at approximately $27,339,000. Mediolanum International Funds Ltd purchased a new position in shares of NatWest Group during the 3rd quarter valued at approximately $11,420,000. Natixis Advisors LLC grew its stake in NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after acquiring an additional 1,031,057 shares during the period. ABC Arbitrage SA purchased a new stake in NatWest Group in the 4th quarter worth $9,578,000. Finally, FMR LLC raised its position in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after acquiring an additional 721,578 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.