Royal Bank Of Canada Reaffirms Sector Perform Rating for NatWest Group (LON:NWG)

NatWest Group (LON:NWG)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 725 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 30.58% from the stock’s previous close.

A number of other equities analysts have also weighed in on NWG. Shore Capital Group raised NatWest Group to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on NatWest Group from GBX 730 to GBX 840 and gave the stock a “buy” rating in a research report on Friday, March 27th. Barclays reissued an “equal weight” rating and issued a GBX 700 target price on shares of NatWest Group in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 712.86.

NatWest Group Price Performance

NWG opened at GBX 555.20 on Tuesday. The stock has a 50-day moving average price of GBX 583.89 and a 200-day moving average price of GBX 607.80. The firm has a market cap of £44.26 billion, a PE ratio of 7.95, a P/E/G ratio of 0.46 and a beta of 0.83. NatWest Group has a 1 year low of GBX 471 and a 1 year high of GBX 705.40.

NatWest Group (LON:NWG) last issued its earnings results on Friday, February 13th. The company reported GBX 68 earnings per share for the quarter. NatWest Group had a return on equity of 14.55% and a net margin of 20.12%. As a group, sell-side analysts anticipate that NatWest Group will post 45.9724712 EPS for the current 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.