NatWest Group’s (NWG) Buy Rating Reaffirmed at Shore Capital

NatWest Group (LON:NWG)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Friday, MarketBeat reports.

NWG has been the topic of several other reports. Berenberg Bank upped their price objective on shares of NatWest Group from GBX 300 ($3.71) to GBX 325 ($4.01) and gave the company a “buy” rating in a report on Friday, February 16th. Peel Hunt assumed coverage on shares of NatWest Group in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.08) price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of NatWest Group from GBX 270 ($3.33) to GBX 290 ($3.58) and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods cut NatWest Group to an “underperform” rating and set a GBX 230 ($2.84) price objective for the company. in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, NatWest Group has an average rating of “Moderate Buy” and a consensus price target of GBX 313.89 ($3.88).

NatWest Group Trading Up 6.1 %

NWG stock opened at GBX 307.40 ($3.80) on Friday. The business’s 50 day simple moving average is GBX 258.79 and its 200 day simple moving average is GBX 228.38. NatWest Group has a 1-year low of GBX 168 ($2.08) and a 1-year high of GBX 308.70 ($3.81). The firm has a market capitalization of £26.87 billion, a PE ratio of 627.35, a PEG ratio of 0.46 and a beta of 1.34.

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, Private Banking, and Commercial & Institutional segments.