JPMorgan Chase & Co. Issues Positive Forecast for NatWest Group (LON:NWG) Stock Price

NatWest Group (LON:NWG) had its price target increased by analysts at JPMorgan Chase & Co. from GBX 730 to GBX 750 in a note issued to investors on Tuesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.03% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research note on Monday, December 1st. Shore Capital upped their price target on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group lifted their price objective on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada upped their target price on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. Finally, Barclays reaffirmed an “equal weight” rating and issued a GBX 700 price target on shares of NatWest Group in a research note on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 674.29.

NatWest Group Stock Performance

Shares of NWG opened at GBX 646.40 on Tuesday. NatWest Group has a fifty-two week low of GBX 380.60 and a fifty-two week high of GBX 674.20. The firm has a market cap of £51.67 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.46 and a beta of 1.28. The firm has a 50 day moving average price of GBX 628.92 and a 200-day moving average price of GBX 566.66.

NatWest Group (LON:NWG) last posted its quarterly earnings results on Friday, October 24th. The company reported GBX 19.80 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, equities research analysts predict that NatWest Group will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Roisin Donnelly acquired 470 shares of the stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of GBX 660 per share, with a total value of £3,102. Also, insider Geeta Gopalan purchased 471 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of GBX 660 per share, with a total value of £3,108.60. Insiders have purchased 4,281 shares of company stock valued at $2,825,460 in the last 90 days. Corporate insiders own 0.19% 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.