NatWest Group plc (LON:NWG) Receives Consensus Rating of “Moderate Buy” from Analysts

NatWest Group plc (LON:NWG) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 309.38 ($3.89).

A number of research firms recently issued reports on NWG. Keefe, Bruyette & Woods cut NatWest Group to an “underperform” rating and set a GBX 230 ($2.89) price target for the company. in a report on Monday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 270 ($3.39) to GBX 290 ($3.64) and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Berenberg Bank increased their price target on shares of NatWest Group from GBX 300 ($3.77) to GBX 325 ($4.08) and gave the company a “buy” rating in a research note on Friday, February 16th. Peel Hunt assumed coverage on shares of NatWest Group in a research report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.15) price objective for the company. Finally, Shore Capital reiterated a “buy” rating on shares of NatWest Group in a research report on Friday, April 26th.

NatWest Group Price Performance

Shares of NWG opened at GBX 317.90 ($3.99) on Friday. The company has a market capitalization of £27.72 billion, a P/E ratio of 676.17, a PEG ratio of 0.46 and a beta of 1.35. NatWest Group has a one year low of GBX 168 ($2.11) and a one year high of GBX 321.43 ($4.04). The business’s 50 day simple moving average is GBX 270.97 and its 200-day simple moving average is GBX 232.86.

NatWest Group Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 14th were paid a GBX 11.50 ($0.14) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from NatWest Group’s previous dividend of $5.50. This represents a yield of 5.37%. NatWest Group’s dividend payout ratio is presently 3,617.02%.

Insider Activity

In other NatWest Group news, insider Mark Seligman purchased 159 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of GBX 303 ($3.81) per share, with a total value of £481.77 ($605.24). Corporate insiders own 28.19% of the company’s stock.

NatWest Group Company Profile

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.