NatWest Group (LON:NWG) Given New GBX 550 Price Target at Shore Capital

NatWest Group (LON:NWG) had its price target boosted by Shore Capital from GBX 500 to GBX 550 in a report released on Tuesday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Jefferies Financial Group increased their price objective on shares of NatWest Group from GBX 530 to GBX 615 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Royal Bank Of Canada boosted their target price on shares of NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a research report on Tuesday. Citigroup upped their target price on shares of NatWest Group from GBX 640 to GBX 690 and gave the company a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of NatWest Group in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 649.17.

NatWest Group Stock Performance

Shares of LON NWG opened at GBX 582 on Tuesday. NatWest Group has a 1 year low of GBX 359.90 and a 1 year high of GBX 586.63. The stock’s 50-day simple moving average is GBX 534.66 and its 200-day simple moving average is GBX 514.19. The firm has a market cap of £46.74 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last issued its quarterly earnings data 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, research analysts predict that NatWest Group will post 45.9724712 EPS for the current year.

Insider Buying and Selling

In other NatWest Group news, insider Richard Haythornthwait purchased 2,268 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average cost of GBX 525 per share, with a total value of £11,907. Also, insider Gill Whitehead acquired 629 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were acquired at an average cost of GBX 525 per share, with a total value of £3,302.25. In the last 90 days, insiders purchased 6,541 shares of company stock worth $3,439,815. Company 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.