BNP Paribas Downgrades NatWest Group (NYSE:NWG) to Neutral

NatWest Group (NYSE:NWG) was downgraded by equities research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday,Briefing.com Automated Import reports.

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NatWest Group has a consensus rating of “Buy”.

NatWest Group Price Performance

Shares of NWG stock traded down $0.19 on Tuesday, reaching $12.11. The company had a trading volume of 3,769,810 shares, compared to its average volume of 2,682,498. The business’s 50-day moving average is $10.70 and its 200 day moving average is $9.99. NatWest Group has a one year low of $6.17 and a one year high of $12.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $48.75 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. Equities research analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in NatWest Group during the fourth quarter worth approximately $27,000. Private Trust Co. NA raised its holdings in shares of NatWest Group by 121.3% during the third 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 period. Hilltop National Bank bought a new position in shares of NatWest Group during the 4th quarter worth about $29,000. First Horizon Advisors Inc. grew its stake in shares of NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after buying an additional 1,787 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in NatWest Group in the 4th quarter valued at about $35,000. 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.