NatWest Group (LON:NWG) Given Buy Rating at Citigroup

Citigroup reaffirmed their buy rating on shares of NatWest Group (LON:NWG) in a research note released on Monday morning, MarketBeat reports.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of NatWest Group from GBX 370 ($4.87) to GBX 420 ($5.52) and gave the company an overweight rating in a research note on Monday, July 29th. Shore Capital cut shares of NatWest Group to a hold rating in a research note on Monday, May 20th. Finally, Berenberg Bank reissued a buy rating and issued a GBX 415 ($5.46) price target on shares of NatWest Group in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NatWest Group has an average rating of Moderate Buy and an average target price of GBX 343.57 ($4.52).

NatWest Group Stock Down 0.7 %

NWG opened at GBX 342.90 ($4.51) on Monday. NatWest Group has a twelve month low of GBX 168 ($2.21) and a twelve month high of GBX 372.70 ($4.90). The company has a 50-day moving average price of GBX 334.76 and a 200 day moving average price of GBX 300.26. The company has a market cap of £28.56 billion, a PE ratio of 729.57, a price-to-earnings-growth ratio of 0.46 and a beta of 1.33.

NatWest Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.77%. NatWest Group’s dividend payout ratio (DPR) is 3,829.79%.

Insider Transactions at NatWest Group

In other news, insider Patrick Flynn acquired 974 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was acquired at an average price of GBX 316 ($4.16) per share, with a total value of £3,077.84 ($4,047.13). Company insiders own 19.14% of the company’s stock.

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.