NatWest Group (NYSE:NWG) Hits New 12-Month High – What’s Next?

NatWest Group plc (NYSE:NWG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $10.28 and last traded at $10.27, with a volume of 76331 shares. The stock had previously closed at $9.98.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. 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. The Goldman Sachs Group initiated coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. UBS Group raised NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Kepler Capital Markets initiated coverage on NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

NatWest Group Stock Performance

The company has a fifty day moving average price of $9.33 and a two-hundred day moving average price of $8.77. The firm has a market cap of $41.44 billion, a price-to-earnings ratio of 7.56 and a beta of 1.32. 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 and hedge funds have recently modified their holdings of NWG. Bruce G. Allen Investments LLC lifted its holdings in shares of NatWest Group by 285.3% in the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after purchasing an additional 2,083 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of NatWest Group in the first quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after purchasing an additional 1,259 shares during the last quarter. Hexagon Capital Partners LLC increased its position in NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after buying an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Company Profile

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.