NatWest Group (LON:NWG) Reaches New 52-Week High – What’s Next?

Shares of NatWest Group plc (LON:NWG) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 583 ($7.76) and last traded at GBX 564.40 ($7.51), with a volume of 517641500 shares. The stock had previously closed at GBX 545.60 ($7.26).

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 target price on shares of NatWest Group in a research report on Monday, July 28th. Jefferies Financial Group lifted their target price on NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Citigroup lifted their target price on NatWest Group from GBX 595 to GBX 620 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada lifted their target price on NatWest Group from GBX 475 to GBX 650 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 613.33.

NatWest Group Price Performance

The company has a market capitalization of £45.33 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.46 and a beta of 1.28. The stock has a fifty day simple moving average of GBX 533.43 and a 200-day simple moving average of GBX 511.26.

NatWest Group (LON:NWG) last announced its earnings results on Friday, October 24th. The company reported GBX 19.80 earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, equities analysts expect that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other NatWest Group news, insider Katie Murray sold 18,055 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total value of £93,163.80. Also, insider Stuart Lewis bought 607 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were acquired at an average cost of GBX 525 per share, for a total transaction of £3,186.75. In the last quarter, insiders bought 6,541 shares of company stock worth $3,439,815. Insiders own 0.19% of the company’s stock.

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.