NatWest Group (LON:NWG) Reaches New 52-Week High – Should You Buy?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 646.40 and last traded at GBX 637.80, with a volume of 21119445 shares. The stock had previously closed at GBX 633.60.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NWG. Citigroup lifted their target price on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a report on Monday, December 1st. Royal Bank Of Canada upped their price target on shares of NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group raised their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital upped their price target on NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 730 target price on shares of NatWest Group in a report on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 666.67.

NatWest Group Stock Up 0.6%

The company has a market cap of £51.59 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.46 and a beta of 1.28. The business has a 50-day moving average price of GBX 593.92 and a two-hundred day moving average price of GBX 545.50.

NatWest Group (LON:NWG) last posted its quarterly earnings results 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, sell-side analysts expect that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Geeta Gopalan bought 592 shares of NatWest Group stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, for a total transaction of £3,108. Also, insider Richard Haythornthwait purchased 2,268 shares of the stock in a transaction on Wednesday, October 1st. The shares were bought at an average cost of GBX 525 per share, for a total transaction of £11,907. Over the last ninety days, insiders purchased 5,383 shares of company stock worth $2,826,075. 0.19% of the stock is currently owned by corporate insiders.

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.