NatWest Group plc (NYSE:NWG - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $11.10, but opened at $10.76. NatWest Group shares last traded at $10.77, with a volume of 935,390 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NatWest Group currently has a consensus rating of "Buy".
Check Out Our Latest Report on NWG
NatWest Group Stock Up 5.2 %
The stock's 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $9.79. The firm has a market cap of $45.93 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.
Institutional Investors Weigh In On NatWest Group
A number of institutional investors have recently modified their holdings of the stock. Creative Planning boosted its stake in NatWest Group by 21.0% in the 3rd quarter. Creative Planning now owns 144,276 shares of the company's stock worth $1,350,000 after purchasing an additional 25,075 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of NatWest Group by 29.0% in the third quarter. Bleakley Financial Group LLC now owns 24,057 shares of the company's stock worth $225,000 after buying an additional 5,403 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of NatWest Group by 108.2% during the third quarter. Blue Trust Inc. now owns 63,924 shares of the company's stock valued at $598,000 after buying an additional 33,218 shares during the last quarter. Raymond James & Associates increased its position in shares of NatWest Group by 6.7% during the third quarter. Raymond James & Associates now owns 2,564,252 shares of the company's stock valued at $24,001,000 after acquiring an additional 162,068 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in NatWest Group by 70.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,619 shares of the company's stock worth $202,000 after acquiring an additional 8,923 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.
About NatWest Group
(
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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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