NatWest Group plc (NYSE:NWG) traded with a subtraction of -$0.01 to $5.76 on Thursday, a downside of -0.26 percent. An average of 983,013 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,373,328 shares traded, while the 50-day average volume stands at 1,404,135.
NWG stock has decreased by -9.51% in the last month. The company shares reached their 1-month lowest point of $5.70 on 08/22/23. 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 -10.91% or -$0.71 in price. In spite of this, the price is down -26.17% from the 52-week high.
Valuation Metrics
NatWest Group plc (NWG) has a trailing price-to-earnings (P/E) ratio of 5.05. The stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.19, the price-to-book (PB) ratio at 0.60.
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 23 August was 33.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.91%.
As of today, NWG’s price is $5.77 -1.20% or -$0.07 from its 5-day moving average. NWG is currently trading -7.11% lower than its 20-day SMA and -12.88% lower than its 100-day SMA. However, the stock’s current price level is -14.05% below the SMA50 and +4.93% above the SMA200.
The stochastic %K and %D were 11.79% and 12.00%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 9.80% and the average true range at 0.12, the RSI (14) stands at 36.42%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
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 $8.73.
