NatWest Group plc (NYSE:NWG - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.76 and last traded at $10.77, with a volume of 2645170 shares trading hands. The stock had previously closed at $10.67.
Wall Street Analyst Weigh In
Several research firms have commented on NWG. The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They issued a "buy" rating for the company. Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upgraded NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Stock Report on NWG
NatWest Group Stock Performance
The stock has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $9.61. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On NatWest Group
A number of institutional investors have recently made changes to their positions in NWG. Mediolanum International Funds Ltd acquired a new stake in shares of NatWest Group during the 3rd quarter valued at approximately $11,420,000. Natixis Advisors LLC boosted its stake in NatWest Group by 10.7% during the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock valued at $100,245,000 after buying an additional 1,031,057 shares in the last quarter. ABC Arbitrage SA bought a new position in NatWest Group during the fourth quarter valued at about $9,578,000. FMR LLC boosted its stake in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company's stock valued at $18,611,000 after buying an additional 721,578 shares in the last quarter. Finally, US Bancorp DE boosted its stake in NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company's stock valued at $5,311,000 after buying an additional 442,002 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.
About NatWest Group
(
Get Free Report)
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.
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