NatWest Group (NYSE:NWG) Hits New 12-Month High – Here’s Why

Shares of NatWest Group plc (NYSE:NWG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.76 and last traded at $10.77, with a volume of 2645170 shares. The stock had previously closed at $10.67.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NWG shares. The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

NatWest Group Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $9.56. The firm has a market capitalization of $43.31 billion, a PE ratio of 8.15, a PEG ratio of 0.77 and a beta of 1.31.

Institutional Investors Weigh In On NatWest Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in 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 buying an additional 2,083 shares during the last quarter. Hilltop National Bank acquired a new stake in NatWest Group in the fourth quarter worth about $29,000. Geneos Wealth Management Inc. acquired a new stake in NatWest Group in the fourth quarter worth about $35,000. Finally, Hexagon Capital Partners LLC increased its holdings 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 acquiring an additional 1,980 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

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.