NatWest Group (LON:NWG – Get Rating) had its price objective raised by Royal Bank of Canada from GBX 250 ($3.06) to GBX 330 ($4.04) in a research note released on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.
Several other analysts have also recently commented on the stock. Shore Capital restated a buy rating on shares of NatWest Group in a report on Friday, July 29th. Barclays decreased their target price on shares of NatWest Group from GBX 330 ($4.04) to GBX 315 ($3.86) and set an overweight rating for the company in a research note on Thursday, June 30th. JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 240 ($2.94) to GBX 250 ($3.06) and gave the stock a neutral rating in a research note on Thursday, May 5th. Berenberg Bank lifted their price objective on NatWest Group from GBX 300 ($3.68) to GBX 350 ($4.29) and gave the company a buy rating in a research report on Monday. Finally, Morgan Stanley reaffirmed an overweight rating on shares of NatWest Group in a research report on Wednesday, May 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of GBX 313.33 ($3.84).
NatWest Group Trading Down 1.0 %
Shares of NatWest Group stock opened at GBX 248.60 ($3.05) on Tuesday. NatWest Group has a 1 year low of GBX 182.85 ($2.24) and a 1 year high of GBX 258.10 ($3.16). The stock has a 50-day moving average price of GBX 224.57 and a 200 day moving average price of GBX 224.63. The company has a market cap of £25.95 billion and a P/E ratio of 966.15.
NatWest Group Cuts Dividend
Insiders Place Their Bets
In related news, insider Lena Wilson acquired 10,000 shares of the stock in a transaction dated Monday, June 20th. The shares were acquired at an average price of GBX 220 ($2.70) per share, with a total value of £22,000 ($26,957.48).
About NatWest Group
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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