NatWest Group (LON:NWG) Shares Up 2.7% – Here’s Why

NatWest Group plc (LON:NWGGet Free Report) shares shot up 2.7% on Tuesday . The company traded as high as GBX 509.95 ($6.94) and last traded at GBX 507.79 ($6.91). 46,106,926 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 38,563,930 shares. The stock had previously closed at GBX 494.30 ($6.73).

Wall Street Analyst Weigh In

NWG has been the topic of several research analyst reports. Citigroup boosted their price target on shares of NatWest Group from GBX 580 ($7.90) to GBX 615 ($8.37) and gave the company a “buy” rating in a report on Thursday, March 6th. Shore Capital reissued a “hold” rating on shares of NatWest Group in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 510 ($6.94) to GBX 550 ($7.49) and gave the company a “top pick” rating in a research note on Tuesday, March 25th.

View Our Latest Research Report on NWG

NatWest Group Stock Up 2.7%

The company has a 50-day moving average price of GBX 500.17 and a 200-day moving average price of GBX 454.23. The company has a market capitalization of £40.65 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWGGet Free Report) last released its earnings results on Friday, May 2nd. The company reported GBX 15.50 ($0.21) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Equities analysts expect that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Lena Wilson acquired 261 shares of the stock in a transaction dated Tuesday, April 1st. The shares were bought at an average cost of GBX 454 ($6.18) per share, for a total transaction of £1,184.94 ($1,613.04). 16.15% of the stock is owned by company insiders.

About NatWest Group

(Get Free Report)

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.

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