NatWest Group plc (NYSE:NWG) has garnered a consensus rating of “Moderate Buy” from six brokerages covering the company, according to Marketbeat Ratings. This assessment reflects a mixed outlook among analysts, with one advising a sell, two recommending a hold, two suggesting a buy, and one issuing a strong buy recommendation.
Recent research reports have influenced this consensus. Notably, on February 10, 2024, Zacks Research upgraded NatWest’s rating from “hold” to “strong buy.” Additionally, Weiss Ratings reaffirmed a “buy (b)” rating on January 22, while Barclays reiterated an “equal weight” rating on January 7. Goldman Sachs Group restated its “neutral” rating on December 4 of the previous year.
Stock Performance and Earnings Report
As of Wednesday, shares of NatWest Group opened at $16.07. The company possesses a current ratio of 1.05, a quick ratio of 1.05, and a debt-to-equity ratio of 0.14. Over the past year, the stock has fluctuated between a low of $10.40 and a high of $19.35. With a market capitalization of $64.21 billion, NatWest has a price-to-earnings (P/E) ratio of 8.98 and a P/E/G ratio of 0.56. The two-hundred-day moving average price stands at $15.80, while the fifty-day moving average is $17.44.
In its latest quarterly earnings report released on February 13, 2024, NatWest reported earnings per share (EPS) of $0.46, surpassing analysts’ expectations of $0.38 by $0.08. The bank achieved a net margin of 18.59% and a return on equity of 13.11%. Revenue for the quarter reached $5.74 billion, exceeding the forecast of $5.59 billion. Analysts predict that NatWest Group will achieve an EPS of 1.35 for the current fiscal year.
Company Overview and Historical Context
NatWest Group plc is a prominent banking and financial services organization based in Edinburgh, Scotland. The firm originated from the Royal Bank of Scotland, established in 1727. It adopted the NatWest Group name in 2020 as part of a strategic shift to emphasize its NatWest brand. The company is listed on the London Stock Exchange and has American depositary shares trading on the New York Stock Exchange under the symbol NWG.
NatWest Group offers a wide array of banking services across various sectors, including retail, private, commercial, corporate, and institutional banking. As the financial landscape evolves, the performance and ratings of NatWest Group will continue to be closely monitored by investors and analysts alike.
