Barclays Boosts NatWest Group (LON:NWG) Price Target to GBX 400

NatWest Group (LON:NWGGet Rating) had its target price lifted by research analysts at Barclays from GBX 315 ($3.86) to GBX 400 ($4.90) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 60.00% from the stock’s previous close.

Several other equities research analysts have also commented on NWG. Shore Capital restated a “buy” rating on shares of NatWest Group in a research note on Friday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of NatWest Group from GBX 240 ($2.94) to GBX 250 ($3.06) and gave the company a “neutral” rating in a research note on Thursday, May 5th. Berenberg Bank raised their target price on shares of NatWest Group from GBX 300 ($3.68) to GBX 350 ($4.29) and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada raised their target price on shares of NatWest Group from GBX 250 ($3.06) to GBX 330 ($4.04) and gave the stock an “outperform” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of NatWest Group from GBX 315 ($3.86) to GBX 330 ($4.04) and gave the stock a “buy” rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 342 ($4.19).

NatWest Group Trading Down 0.1 %

Shares of LON:NWG opened at GBX 250 ($3.06) on Wednesday. The firm’s 50 day moving average is GBX 225.69 and its two-hundred day moving average is GBX 224.78. NatWest Group has a 52 week low of GBX 182.85 ($2.24) and a 52 week high of GBX 258.10 ($3.16). The firm has a market capitalization of £26.02 billion and a P/E ratio of 963.85.

Insider Buying and Selling

In other news, insider Lena Wilson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was purchased at an average price of GBX 220 ($2.70) per share, with a total value of £22,000 ($26,957.48).

NatWest Group Company Profile

(Get Rating)

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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Analyst Recommendations for NatWest Group (LON:NWG)

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