NatWest Group (NYSE:NWG) Sets New 52-Week High - Here's Why

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on NWG shares. Jefferies Financial Group raised shares of NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. Three equities 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 presently has an average rating of "Buy".

NatWest Group Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $44.80 billion, a P/E ratio of 8.43, a PEG ratio of 0.84 and a beta of 1.30. The stock has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $9.69.

Institutional Investors Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently made changes to their positions in NWG. Private Trust Co. NA boosted its position in NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock valued at $26,000 after buying an additional 1,499 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in NatWest Group during the 4th quarter worth $27,000. Hilltop National Bank acquired a new position in NatWest Group in the 4th quarter worth about $29,000. First Horizon Advisors Inc. raised its position 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 during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company's stock valued at $32,000 after purchasing an additional 1,980 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

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.