NatWest Group (NYSE:NWG) Sets New 52-Week High – Still a Buy?

Shares of NatWest Group plc (NYSE:NWG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.97 and last traded at $10.93, with a volume of 563124 shares changing hands. The stock had previously closed at $10.76.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Trading Up 2.0 %

The firm has a market cap of $44.20 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. 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 business’s fifty day moving average is $10.28 and its 200-day moving average is $9.65.

Institutional Trading of NatWest Group

A number of institutional investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC lifted its holdings in shares of NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the period. Private Trust Co. NA increased its stake in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in NatWest Group in the fourth quarter valued at approximately $27,000. Hilltop National Bank acquired a new position in shares of NatWest Group in the fourth quarter valued at approximately $29,000. Finally, First Horizon Advisors Inc. raised its holdings in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after acquiring an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors 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.