NatWest Group (NYSE:NWG) Rating Lowered to Neutral at BNP Paribas

NatWest Group (NYSE:NWG) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports.

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

NatWest Group Price Performance

Shares of NWG traded down $0.19 during trading hours on Tuesday, hitting $12.11. The stock had a trading volume of 3,769,810 shares, compared to its average volume of 2,682,498. NatWest Group has a 52 week low of $6.17 and a 52 week high of $12.60. The stock has a market capitalization of $48.75 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.85 and a beta of 1.30. The company’s fifty day moving average is $10.70 and its two-hundred day moving average is $9.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. On average, analysts anticipate that NatWest Group will post 1.35 EPS for the current year.

Institutional Trading of NatWest Group

Several hedge funds and other institutional investors have recently bought and sold shares of NWG. Whipplewood Advisors LLC bought a new position in shares of NatWest Group during the fourth quarter worth approximately $27,000. Private Trust Co. NA raised its holdings in NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares in the last quarter. Hilltop National Bank bought a new position in shares of NatWest Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. raised its stake in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in NatWest Group during the fourth quarter worth about $35,000. 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.