According to a recent report by Bloomberg.com, NatWest Group plc (NYSE:NWG) has received an average rating of “Reduce” from five research firms that currently cover the stock. Out of these analysts, one has recommended selling the stock, while four have suggested holding onto it. Moreover, the average 12-month price target set by brokers who have reported on the stock in the past year stands at $6.24.
As of Monday morning, NWG shares opened at $5.83. The company has a market capitalization of $25.38 billion and possesses a price-earnings ratio (PE ratio) of 6.21, indicating that investors are willing to pay $6.21 for every dollar of earnings generated by the firm. Additionally, its price-earnings-to-growth (PEG) ratio is 0.27, which suggests that its stock may be undervalued relative to its future growth potential. With a beta value of 1.24, the company’s shares have exhibited moderate volatility compared to the overall market.
NatWest Group maintains a current ratio of 1.08 and a quick ratio of 1.09, showing its ability to meet short-term financial obligations promptly and efficiently if necessary. In terms of debt management, the company holds a debt-to-equity ratio of 0.17, indicating conservative leverage and sound financial health.
The stock’s performance during recent periods can be evaluated using both its fifty-day and two-hundred-day simple moving averages (SMA). Currently, NWG has a fifty-day SMA of $5.96 and a two-hundred-day SMA of $6.32.
Over the past year, NatWest Group has demonstrated trading prices between a low point of $4.70 and a high point of $7.80 per share.
NatWest Group plc is engaged in offering banking and financial products and services to various segments of customers. The company operates in Retail Banking, Private Banking, and Commercial & Institutional segments. With a presence in both the United Kingdom and international markets, NatWest Group serves personal, commercial, corporate, and institutional customers.
This information provides investors with an overview of the current standing of NWG shares as presented by research firms. It is essential for investors to conduct thorough analysis and seek professional advice before making any investment decisions.
Downgrades, Dividends, and Institutional Interest: Assessing NatWest Group’s Future Prospects
October 2, 2023 – The stock of NatWest Group has recently been downgraded by a number of equities research analysts, causing perplexity among investors. HSBC downgraded the shares from a “buy” rating to a “hold” rating on September 19th, while Morgan Stanley downgraded from an “overweight” rating to an “equal weight” rating earlier this week. Adding to the list, BNP Paribas also downgraded the shares from a “neutral” rating to an “underperform” rating back in June.
NatWest Group plc is a prominent banking and financial institution that offers a wide range of products and services to both personal and institutional customers in the United Kingdom and abroad. The company operates through three main segments: Retail Banking, Private Banking, and Commercial & Institutional.
In addition to the recent downgrades, NatWest Group also made headlines with its announcement of a dividend payout. Shareholders who were recorded on August 11th received a $0.1415 dividend, offering a yield of an impressive 6%. The ex-dividend date was set for August 10th. Notably, the company’s current dividend payout ratio stands at 28.75%.
Amidst all these developments, several hedge funds have expressed their interest in buying and selling shares of NatWest Group. One such example is Toronto Dominion Bank, which acquired a new position in the company during the first quarter valued at $33,000. Barclays PLC also purchased a new stake in the second quarter worth $35,000, whereas Tucker Asset Management LLC entered into ownership during the first quarter with an investment worth $40,000. In addition to these hedge funds, Captrust Financial Advisors lifted its stake in NatWest Group by staggering 225.5% during the second quarter.
Furthermore, JPMorgan Chase & Co., one of the major players in investment banking and financial services, saw its stake in NatWest Group increase by a substantial 93.9% during the first quarter. Currently, JPMorgan Chase & Co. holds 10,469 shares of the company’s stock valued at $59,000.
The involvement of such prominent institutional investors and hedge funds has garnered attention among market observers. Notably, institutional investors collectively own approximately 1.12% of NatWest Group’s stock, which further hints at the company’s desirability as an investment option.
With these recent developments surrounding NatWest Group, investors are left in a state of perplexity regarding the stock’s future prospects. The downgrades from various equities research analysts have undoubtedly influenced market sentiment. As the investment community closely monitors future developments and earnings reports from NatWest Group, any bustiness in share prices is expected to draw significant attention moving forward.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice.