Insider Buying: NatWest Group (LON:NWG) Insider Purchases £1,313.20 in Stock

NatWest Group plc (LON:NWG) insider Patrick Flynn purchased 196 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average cost of GBX 670 per share, for a total transaction of £1,313.20.

NatWest Group Trading Down 2.0%

NWG stock opened at GBX 654.80 on Thursday. NatWest Group plc has a 12-month low of GBX 504.41 and a 12-month high of GBX 726. The business’s 50-day moving average is GBX 692.56 and its 200 day moving average is GBX 639.22. The stock has a market cap of £51.88 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG) last announced its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. As a group, equities analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 770 price objective on shares of NatWest Group in a report on Wednesday, September 2nd. Citigroup upped their target price on shares of NatWest Group from GBX 840 to GBX 860 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 790 to GBX 830 and gave the stock a “neutral” rating in a research report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NatWest Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 769.38.

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.