NatWest Group (LON:NWG) Trading 0.5% Higher – Here’s What Happened

NatWest Group plc (LON:NWG)’s share price rose 0.5% during mid-day trading on Tuesday . The company traded as high as GBX 685.40 and last traded at GBX 682.80. Approximately 31,559,088 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 24,116,891 shares. The stock had previously closed at GBX 679.40.

Analysts Set New Price Targets

A number of research firms recently weighed in on NWG. Berenberg Bank increased their price objective on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 730 target price on shares of NatWest Group in a report on Friday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research note on Monday, August 3rd. Finally, Citigroup lifted their price objective on NatWest Group from GBX 820 to GBX 840 and gave the company a “buy” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 756.88.

NatWest Group Trading Up 0.5%

The company has a market cap of £54.35 billion, a PE ratio of 9.15, a P/E/G ratio of 0.46 and a beta of 0.81. The company has a fifty day simple moving average of GBX 681.86 and a two-hundred day simple moving average of GBX 622.08.

NatWest Group (LON:NWG) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. On average, research analysts anticipate that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Albert Hitchcock purchased 514 shares of the stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Geeta Gopalan acquired 487 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average cost of GBX 668 per share, for a total transaction of £3,253.16. Insiders have bought 2,747 shares of company stock valued at $1,834,996 over the last ninety days. 0.21% of the stock is currently owned by corporate 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.