NatWest Group (LON:NWG) Hits New 12-Month High on Analyst Upgrade

NatWest Group plc (LON:NWG)’s share price hit a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from GBX 690 to GBX 765. Citigroup currently has a buy rating on the stock. NatWest Group traded as high as GBX 641.21 and last traded at GBX 638.43, with a volume of 12139813 shares trading hands. The stock had previously closed at GBX 631.80.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Royal Bank Of Canada upped their target price on NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Shore Capital lifted their price target on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group boosted their price target on NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 661.67.

Insider Buying and Selling

In other NatWest Group news, insider Richard Haythornthwait purchased 2,268 shares of the stock in a transaction on Wednesday, October 1st. The shares were bought at an average price of GBX 525 per share, for a total transaction of £11,907. Also, insider Geeta Gopalan acquired 592 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, with a total value of £3,108. Insiders have acquired a total of 6,541 shares of company stock worth $3,439,815 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

NatWest Group Stock Up 1.0%

The company has a 50-day moving average of GBX 571.26 and a 200 day moving average of GBX 536.99. The stock has a market capitalization of £51.16 billion, a PE ratio of 9.78, a PEG ratio of 0.46 and a beta of 1.28.

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

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.