NatWest Group plc (LON:NWG) Receives GBX 613.33 Average Price Target from Brokerages

Shares of NatWest Group plc (LON:NWG) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 613.33.

Several research analysts have recently commented on NWG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 600 price objective on shares of NatWest Group in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Citigroup boosted their price target on shares of NatWest Group from GBX 595 to GBX 620 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Jefferies Financial Group upped their target price 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. Finally, Shore Capital reiterated a “hold” rating and issued a GBX 495 target price on shares of NatWest Group in a research report on Friday, July 25th.

Insiders Place Their Bets

In other news, insider Stuart Lewis bought 170 shares of the business’s stock in a transaction on Friday, September 12th. The stock was acquired at an average price of GBX 530 per share, with a total value of £901. Also, insider Roisin Donnelly acquired 180 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of GBX 530 per share, with a total value of £954. Insiders have bought 6,710 shares of company stock valued at $3,395,292 over the last 90 days. Company insiders own 0.19% of the company’s stock.

NatWest Group Stock Down 1.2%

NWG opened at GBX 510.83 on Friday. The company has a market capitalization of £41.14 billion, a price-to-earnings ratio of 857.10, a PEG ratio of 0.46 and a beta of 1.28. The firm has a 50-day moving average price of GBX 524.46 and a 200-day moving average price of GBX 496.94. NatWest Group has a twelve month low of GBX 327.30 and a twelve month high of GBX 565.42.

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

NatWest Group Company Profile

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.