NatWest Group (LON:NWG) Price Target Raised to GBX 725 at Royal Bank Of Canada

NatWest Group (LON:NWG) had its price target boosted by Royal Bank Of Canada from GBX 650 to GBX 725 in a research report released on Tuesday morning, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

NWG has been the subject of several other research reports. Jefferies Financial Group lifted their target price on shares of NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Shore Capital reissued a “hold” rating and issued a GBX 495 price target on shares of NatWest Group in a report on Friday, July 25th. Citigroup boosted their price objective on NatWest Group from GBX 640 to GBX 690 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 600 price target on shares of NatWest Group in a report on Monday, July 28th. Four equities research 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, NatWest Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 649.17.

NatWest Group Trading Down 0.2%

NWG stock 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 business’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 capitalization of £46.74 billion, a PE ratio of 9.77, a PEG ratio of 0.46 and a beta of 1.28.

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

Insider Buying and Selling

In related news, insider Geeta Gopalan bought 592 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average cost of GBX 525 per share, for a total transaction of £3,108. Also, insider Roisin Donnelly bought 591 shares of NatWest Group stock in a transaction dated Wednesday, October 1st. The shares were bought at an average cost of GBX 525 per share, for a total transaction of £3,102.75. Insiders acquired 6,541 shares of company stock valued at $3,439,815 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

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.