NatWest Group (NYSE:NWG) Reaches New 52-Week High – Should You Buy?

NatWest Group plc (NYSE:NWG) reached a new 52-week high during trading on Tuesday . The company traded as high as $10.76 and last traded at $10.77, with a volume of 2645170 shares changing hands. The stock had previously closed at $10.67.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NWG shares. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Price Performance

The company’s 50-day simple moving average is $10.22 and its 200-day simple moving average is $9.58. 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 company has a market capitalization of $43.80 billion, a PE ratio of 8.24, a P/E/G ratio of 0.77 and a beta of 1.31.

Hedge Funds Weigh In On NatWest Group

Several 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. Bruce G. Allen Investments LLC grew its position in NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after buying an additional 2,083 shares during the last quarter. Hilltop National Bank acquired a new position in NatWest Group in the 4th quarter valued at $29,000. Geneos Wealth Management Inc. purchased a new position in NatWest Group during the 4th quarter worth $35,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after acquiring an additional 1,980 shares during the period. 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.