NatWest Group (NYSE:NWG) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of NatWest Group (NYSE:NWG) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on NWG. BNP Paribas raised NatWest Group from an underperform rating to an outperform rating in a research note on Tuesday, November 7th. Morgan Stanley cut NatWest Group from an overweight rating to an equal weight rating in a research note on Monday, October 2nd. HSBC cut NatWest Group from a buy rating to a hold rating in a research note on Tuesday, September 19th. Finally, Jefferies Financial Group cut NatWest Group from a buy rating to an underperform rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $363.33.

NatWest Group Trading Down 0.2 %

NYSE NWG opened at $5.24 on Friday. The business has a 50 day simple moving average of $5.37 and a 200 day simple moving average of $5.95. NatWest Group has a one year low of $4.30 and a one year high of $7.80. The stock has a market capitalization of $23.15 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.07 and a quick ratio of 1.07.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, October 27th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). NatWest Group had a return on equity of 10.86% and a net margin of 21.11%. The business had revenue of $4.42 billion for the quarter. Research analysts expect that NatWest Group will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vise Technologies Inc. lifted its holdings in NatWest Group by 22.5% during the first quarter. Vise Technologies Inc. now owns 14,181 shares of the company’s stock worth $94,000 after acquiring an additional 2,600 shares during the period. Natixis Advisors L.P. lifted its holdings in NatWest Group by 5.6% during the first quarter. Natixis Advisors L.P. now owns 4,763,444 shares of the company’s stock worth $31,439,000 after acquiring an additional 253,884 shares during the period. Ethic Inc. lifted its holdings in NatWest Group by 6.7% during the first quarter. Ethic Inc. now owns 297,130 shares of the company’s stock worth $1,961,000 after acquiring an additional 18,557 shares during the period. Seascape Capital Management lifted its holdings in NatWest Group by 3.2% during the second quarter. Seascape Capital Management now owns 188,201 shares of the company’s stock worth $1,152,000 after acquiring an additional 5,847 shares during the period. Finally, 9258 Wealth Management LLC bought a new stake in NatWest Group during the second quarter worth $67,000. Institutional investors own 1.12% 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.