NatWest Group (LON:NWG) Posts Earnings Results

NatWest Group (LON:NWG) issued its earnings results on Friday. The company reported GBX 68 earnings per share (EPS) for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%.

NatWest Group Price Performance

Shares of NWG traded down GBX 14.80 during trading hours on Friday, hitting GBX 580.20. The stock had a trading volume of 82,005,445 shares, compared to its average volume of 24,745,215. The firm has a market capitalization of £46.29 billion, a PE ratio of 8.89, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 12 month low of GBX 380.60 and a 12 month high of GBX 705.40. The stock has a fifty day moving average price of GBX 645.37 and a 200 day moving average price of GBX 585.56.

Analyst Ratings Changes

Several research firms have weighed in on NWG. Jefferies Financial Group increased their price objective on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NatWest Group from GBX 660 to GBX 730 and gave the company a “buy” rating in a research note on Friday, January 23rd. Barclays reaffirmed an “equal weight” rating and set a GBX 700 price objective on shares of NatWest Group in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on NatWest Group from GBX 730 to GBX 750 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Shore Capital Group reiterated a “hold” rating on shares of NatWest Group in a report on Monday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.86.

Insider Activity at NatWest Group

In other news, insider Gill Whitehead purchased 500 shares of the stock in a transaction on Friday, January 2nd. The shares were acquired at an average price of GBX 660 per share, with a total value of £3,300. Also, insider Roisin Donnelly acquired 470 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 660 per share, for a total transaction of £3,102. Insiders purchased a total of 4,281 shares of company stock valued at $2,825,460 in the last three months. 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.