NatWest Group plc (LON:NWG) Receives GBX 309.38 Consensus Target Price from Brokerages

Shares of NatWest Group plc (LON:NWG) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 309.38 ($3.94).

A number of research firms have commented on NWG. Berenberg Bank increased their price target on NatWest Group from GBX 300 ($3.82) to GBX 325 ($4.14) and gave the company a “buy” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 270 ($3.44) to GBX 290 ($3.69) and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Shore Capital cut NatWest Group to a “hold” rating in a research note on Monday, May 20th. Keefe, Bruyette & Woods cut NatWest Group to an “underperform” rating and set a GBX 230 ($2.93) price target for the company. in a research note on Monday, February 12th. Finally, Peel Hunt began coverage on NatWest Group in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.20) price target for the company.

NatWest Group Price Performance

Shares of LON NWG opened at GBX 307.80 ($3.92) on Tuesday. The stock has a market capitalization of £26.87 billion, a P/E ratio of 661.49, a price-to-earnings-growth ratio of 0.46 and a beta of 1.31. NatWest Group has a 1-year low of GBX 168 ($2.14) and a 1-year high of GBX 329.80 ($4.20). The business has a fifty day moving average price of GBX 300.48 and a 200 day moving average price of GBX 252.38.

Insider Activity

In other news, insider Mark Seligman acquired 159 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of GBX 303 ($3.86) per share, with a total value of £481.77 ($613.49). Corporate insiders own 27.08% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.