NatWest Group (NYSE:NWG) Shares Gap Down – Here’s What Happened

NatWest Group plc (NYSE:NWG) shares gapped down before the market opened 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.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The stock has a market cap of $43.68 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.84 and a beta of 1.30. The stock’s 50 day moving average is $10.41 and its two-hundred day moving average is $9.76.

Hedge Funds Weigh In On NatWest Group

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in shares of NatWest Group by 121.3% in 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. Whipplewood Advisors LLC acquired a new stake in shares of NatWest Group during the fourth quarter worth $27,000. Hilltop National Bank purchased a new position in NatWest Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. increased its stake in 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, Wilmington Savings Fund Society FSB purchased a new position in NatWest Group during the 3rd quarter worth $33,000. Institutional investors and hedge funds 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.