NatWest Group plc (NYSE:NWG) finished Friday with an addition of $0.04 to close at $6.04, an upside of 0.67 percent. An average of 1,072,220 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,327,700 shares traded, while the 50-day average volume stands at 1,379,870.
NWG stock has decreased by -6.65% in the last month. The company shares reached their 1-month lowest point of $5.93 on 08/02/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $4.70 and a high of $7.80 in 52 weeks. It has reached a new high 14 times so far this year and lost -6.50% or -$0.42 in price. In spite of this, the price is down -22.51% from the 52-week high.
Valuation Metrics
NatWest Group plc (NWG) has a trailing price-to-earnings (P/E) ratio of 5.32. The stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 0.63.
The company’s most recent quarterly dividend payment was $0.1415 a share, representing a down of -41.02% from $0.2399 last year. Its latest decrease dividend $0.0984 reported on Friday July 28 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.82 and a total debt to equity ratio of 1.82 for the recent quarter. Its gross profit as reported stood at $12.17 billion compared to revenue of $15.63 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NatWest Group plc (NWG) price momentum. RSI 9-day as of the close on 11 August was 40.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.92%.
As of today, NWG’s price is $6.10 -1.31% or -$0.08 from its 5-day moving average. NWG is currently trading -5.33% lower than its 20-day SMA and -4.13% lower than its 100-day SMA. However, the stock’s current price level is -6.65% below the SMA50 and +10.62% above the SMA200.
The stochastic %K and %D were 19.97% and 23.57%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 18.80% and the average true range at 0.14, the RSI (14) stands at 42.76%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
Exane BNP Paribas downgraded NatWest Group plc (NYSE: NWG) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for NatWest Group plc (NWG) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell NWG, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.
What is NWG’s price target for the next 12 months?
Analysts predict a range of price targets between $6.38 and $12.87, with a median target of $8.75. Taking a look at these predictions, the average price target given by analysts for NatWest Group plc (NWG) stock is $8.77.
