Berenberg Bank Raises NatWest Group (LON:NWG) Price Target to GBX 880

NatWest Group (LON:NWG) had its price objective boosted by stock analysts at Berenberg Bank from GBX 860 to GBX 880 in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 21.68% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Shore Capital Group upgraded NatWest Group to a “hold” rating in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 730 price target on shares of NatWest Group in a research report on Friday. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 756.88.

NatWest Group Stock Up 2.5%

NatWest Group stock opened at GBX 723.20 on Monday. The firm has a 50-day moving average price of GBX 642.69 and a two-hundred day moving average price of GBX 615.19. The firm has a market capitalization of £57.56 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.46 and a beta of 0.81. NatWest Group has a 52-week low of GBX 500.20 and a 52-week high of GBX 725.

NatWest Group (LON:NWG) last posted its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%. Research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Transactions at NatWest Group

In other news, insider Geeta Gopalan acquired 487 shares of the stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, for a total transaction of £3,253.16. Also, insider Albert Hitchcock bought 514 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, for a total transaction of £3,433.52. In the last ninety days, insiders have acquired 6,761 shares of company stock worth $4,066,780. 0.21% of the stock is currently owned by insiders.

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.