NatWest Group (LON:NWG) Stock Price Down 0.6% – Here’s What Happened

NatWest Group plc (LON:NWG)’s stock price dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 489 ($6.56) and last traded at GBX 489 ($6.56). Approximately 2,147,000,000 shares changed hands during trading, an increase of 3,950% from the average daily volume of 53,015,863 shares. The stock had previously closed at GBX 491.80 ($6.60).

Analysts Set New Price Targets

NWG has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 510 ($6.84) to GBX 550 ($7.38) and gave the stock a “top pick” rating in a research note on Tuesday, March 25th. Shore Capital reaffirmed a “hold” rating on shares of NatWest Group in a research note on Monday, June 2nd.

NatWest Group Stock Performance

The stock has a market cap of £39.14 billion, a PE ratio of 8.78, a PEG ratio of 0.46 and a beta of 1.28. The stock has a fifty day simple moving average of GBX 507.52 and a two-hundred day simple moving average of GBX 463.95.

NatWest Group (LON:NWG) last released its quarterly earnings results on Friday, May 2nd. The company reported GBX 15.50 ($0.21) earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, equities analysts predict that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other news, insider Geeta Gopalan purchased 620 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were acquired at an average cost of GBX 501 ($6.72) per share, with a total value of £3,106.20 ($4,168.28). Also, insider Yasmin Jetha bought 239 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was bought at an average cost of GBX 501 ($6.72) per share, for a total transaction of £1,197.39 ($1,606.80). In the last 90 days, insiders acquired 5,552 shares of company stock worth $2,781,552. 16.15% of the stock is owned by insiders.

NatWest Group Company Profile

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