NatWest Group (LON:NWG) Shares Up 2.6% – Time to Buy?

NatWest Group plc (LON:NWG) shares rose 2.6% during trading on Tuesday . The company traded as high as GBX 597.20 and last traded at GBX 590.80. Approximately 57,020,570 shares were traded during mid-day trading, an increase of 123% from the average daily volume of 25,620,141 shares. The stock had previously closed at GBX 575.80.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWG. Deutsche Bank Aktiengesellschaft raised their price objective on NatWest Group from GBX 660 to GBX 730 and gave the company a “buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research note on Monday, February 9th. Citigroup raised their price target on NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a report on Monday, December 1st. Barclays reaffirmed an “equal weight” rating and issued a GBX 700 price target on shares of NatWest Group in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NatWest Group from GBX 730 to GBX 750 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 692.86.

NatWest Group Trading Up 2.6%

The firm has a market capitalization of £47.07 billion, a PE ratio of 8.77, a P/E/G ratio of 0.46 and a beta of 0.79. The firm has a 50 day simple moving average of GBX 633.24 and a 200 day simple moving average of GBX 594.69.

NatWest Group (LON:NWG) last posted its quarterly 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 14.33% and a net margin of 22.26%. Research analysts forecast that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Roisin Donnelly bought 470 shares of the stock in a transaction on Friday, January 2nd. The shares were acquired at an average price of GBX 660 per share, for a total transaction of £3,102. Also, insider Geeta Gopalan purchased 471 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were bought at an average cost of GBX 660 per share, for a total transaction of £3,108.60. Insiders have bought 4,281 shares of company stock worth $2,825,460 in the last quarter. Insiders own 0.20% 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.