NatWest Group (LON:NWG) Given New GBX 620 Price Target at Citigroup

NatWest Group (LON:NWG) had its price target raised by Citigroup from GBX 595 to GBX 620 in a report issued on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group upped their price target on shares of NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada boosted their price objective on shares of NatWest Group from GBX 475 to GBX 650 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Shore Capital reiterated a “hold” rating and issued a GBX 495 target price on shares of NatWest Group in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 target price on shares of NatWest Group in a report on Monday, July 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 613.33.

NatWest Group Trading Up 2.0%

NatWest Group stock opened at GBX 522.20 on Tuesday. NatWest Group has a 1-year low of GBX 325.70 and a 1-year high of GBX 565.42. The company has a market cap of £42.06 billion, a P/E ratio of 876.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company has a fifty day simple moving average of GBX 518.21 and a 200 day simple moving average of GBX 492.96.

NatWest Group (LON:NWG) last issued its quarterly earnings results on Friday, July 25th. The company reported GBX 30.90 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, equities research analysts forecast that NatWest Group will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other NatWest Group news, insider Geeta Gopalan acquired 620 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was purchased at an average price of GBX 501 per share, with a total value of £3,106.20. Also, insider Katie Murray sold 18,055 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total transaction of £93,163.80. Over the last ninety days, insiders have acquired 5,552 shares of company stock worth $2,781,552. 0.19% of the stock is currently owned by insiders.

About NatWest Group

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.