NatWest Group (NYSE:NWG) Rating Reiterated by JPMorgan Chase & Co.

NatWest Group (NYSE:NWG)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued on Friday, The Fly reports.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of NatWest Group in a research report on Monday, April 12th. Morgan Stanley restated an “overweight” rating on shares of NatWest Group in a research report on Monday. BNP Paribas upgraded shares of NatWest Group from an “underperform” rating to a “neutral” rating in a research report on Monday, March 1st. Credit Suisse Group restated an “outperform” rating on shares of NatWest Group in a research report on Friday, April 30th. Finally, The Goldman Sachs Group upgraded shares of NatWest Group from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 17th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $3.25.

Shares of NatWest Group stock traded up $0.05 on Friday, hitting $5.83. 13,364 shares of the company’s stock were exchanged, compared to its average volume of 1,512,924. The firm has a 50-day moving average of $5.58. The company has a market capitalization of $34.33 billion, a PE ratio of -83.29 and a beta of 1.54. NatWest Group has a 1 year low of $2.34 and a 1 year high of $6.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.05.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Thursday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.06. NatWest Group had a negative net margin of 2.75% and a positive return on equity of 3.76%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Partners LLC increased its holdings in NatWest Group by 26.1% in the 1st quarter. Advisor Partners LLC now owns 18,782 shares of the company’s stock valued at $101,000 after acquiring an additional 3,883 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of NatWest Group in the 1st quarter worth about $112,000. Squarepoint Ops LLC bought a new stake in shares of NatWest Group in the 1st quarter worth about $174,000. Millennium Management LLC increased its holdings in shares of NatWest Group by 245.3% in the 1st quarter. Millennium Management LLC now owns 37,745 shares of the company’s stock worth $203,000 after buying an additional 26,815 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of NatWest Group by 24.2% in the 1st quarter. Morgan Stanley now owns 211,399 shares of the company’s stock worth $1,135,000 after buying an additional 41,209 shares during the last quarter. Institutional investors own 0.48% 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. It operates through Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

Featured Story: The Structure of a Futures Contract

The Fly logo

Analyst Recommendations for NatWest Group (NYSE:NWG)

Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.