Barclays Gives a Hold Rating to NatWest Group (NWG)

In a report released yesterday, Aman Rakkar from Barclays assigned a Hold rating to NatWest Group. The company’s shares closed yesterday at p573.60.

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Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Lloyds Banking. According to TipRanks, Rakkar has an average return of 20.8% and a 74.27% success rate on recommended stocks.

In addition to Barclays, NatWest Group also received a Hold from KBW’s Edward Firth in a report issued on April 20. However, on April 16, UBS maintained a Buy rating on NatWest Group (LSE: NWG).

Based on NatWest Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p7.26 billion and a net profit of p1.33 billion. In comparison, last year the company earned a revenue of p3.7 billion and had a net profit of p1.25 billion

Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NWG in relation to earlier this year.