NatWest Group (NYSE:NWG) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of NatWest Group (NYSE:NWG) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

NWG has been the topic of several other research reports. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Stock Up 0.7%

NatWest Group stock opened at $16.77 on Tuesday. The firm has a market capitalization of $67.13 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.96. The firm’s fifty day moving average price is $17.46 and its two-hundred day moving average price is $15.76. NatWest Group has a 1-year low of $10.40 and a 1-year high of $19.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On NatWest Group

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of NatWest Group by 47.0% in the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after acquiring an additional 90,057 shares in the last quarter. NewEdge Advisors LLC boosted its position in NatWest Group by 14,445.1% in the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock worth $177,000 after purchasing an additional 14,734 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Jane Street Group LLC purchased a new stake in shares of NatWest Group during the 1st quarter valued at $2,282,000. Finally, Focus Partners Wealth increased its position in shares of NatWest Group by 70.6% during the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock valued at $290,000 after purchasing an additional 10,034 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.