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

NatWest Group plc (NYSE:NWGGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.21, but opened at $9.92. NatWest Group shares last traded at $9.94, with a volume of 565,326 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on NWG

NatWest Group Stock Performance

The stock has a market capitalization of $41.07 billion, a P/E ratio of 7.73 and a beta of 1.32. The company has a 50 day simple moving average of $9.53 and a 200-day simple moving average of $8.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

Hedge Funds Weigh In On NatWest Group

Hedge funds have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC grew its position in 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 buying an additional 2,083 shares in the last quarter. Private Trust Co. NA lifted 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 purchasing an additional 1,499 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after purchasing an additional 1,259 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after purchasing an additional 1,810 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Company Profile

(Get Free Report)

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.

Further Reading

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