Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWG) had its price objective upped by analysts at Deutsche Bank Aktiengesellschaft from GBX 730 to GBX 840 in a research note issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 55.73% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Shore Capital Group restated a “hold” rating on shares of NatWest Group in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research note on Monday, February 9th. Barclays restated an “equal weight” rating and issued a GBX 700 price objective on shares of NatWest Group in a report on Wednesday, January 7th. Citigroup raised their price target on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of NatWest Group from GBX 730 to GBX 750 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 708.57.

NatWest Group Stock Performance

Shares of NWG opened at GBX 539.40 on Friday. The stock has a 50 day moving average price of GBX 609.32 and a 200 day moving average price of GBX 596.75. NatWest Group has a one year low of GBX 380.60 and a one year high of GBX 705.40. The stock has a market capitalization of £42.98 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.46 and a beta of 0.79.

NatWest Group (LON:NWG) last announced its earnings results on Friday, February 13th. The company reported GBX 68 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 22.26% and a return on equity of 14.33%. On average, analysts predict that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Transactions at NatWest Group

In other news, insider Yasmin Jetha purchased 181 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average price of GBX 660 per share, for a total transaction of £1,194.60. Also, insider Patrick Flynn purchased 193 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were bought at an average price of GBX 660 per share, with a total value of £1,273.80. Over the last quarter, insiders acquired 4,281 shares of company stock worth $2,825,460. Insiders own 0.20% 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.