NatWest Group plc (NYSE:NWG - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $10.37, but opened at $10.11. NatWest Group shares last traded at $10.00, with a volume of 281,606 shares.
Analyst Upgrades and Downgrades
NWG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Monday, November 4th. Jefferies Financial Group raised shares of NatWest Group from an "underperform" rating to a "buy" rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on NatWest Group in a research note on Friday, October 4th. They set a "buy" rating on the stock. Three investment 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, NatWest Group currently has an average rating of "Buy".
View Our Latest Stock Analysis on NatWest Group
NatWest Group Stock Down 3.8 %
The firm has a market capitalization of $40.14 billion, a P/E ratio of 7.56 and a beta of 1.31. The company has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $9.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On NatWest Group
Several hedge funds and other institutional investors have recently modified their holdings of NWG. Quantbot Technologies LP bought a new position in shares of NatWest Group during the 3rd quarter valued at approximately $572,000. XTX Topco Ltd purchased a new stake in NatWest Group in the 2nd quarter worth $597,000. Sanctuary Advisors LLC boosted its stake in NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company's stock valued at $2,441,000 after buying an additional 196,724 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NatWest Group by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company's stock valued at $2,299,000 after purchasing an additional 44,422 shares in the last quarter. Finally, US Bancorp DE raised 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 purchasing an additional 442,002 shares in the last quarter. 1.27% of the stock is owned by institutional investors.
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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