NatWest Group (LON:NWG) Price Target Raised to GBX 860

NatWest Group (LON:NWG) had its price objective boosted by Citigroup from GBX 840 to GBX 860 in a research report sent to investors on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on NWG. Berenberg Bank raised their price objective on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 770 target price on shares of NatWest Group in a research note on Wednesday, September 2nd. 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, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 790 to GBX 830 and gave the stock a “neutral” rating in a research note on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 769.38.

NatWest Group Trading Up 0.9%

Shares of NWG opened at GBX 690.86 on Wednesday. NatWest Group has a 12-month low of GBX 504.41 and a 12-month high of GBX 726. The company has a market cap of £54.86 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. The stock has a 50-day moving average price of GBX 692.65 and a 200-day moving average price of GBX 633.30.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share for the quarter. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. As a group, analysts predict that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Transactions at NatWest Group

In other news, insider Katie Murray sold 111,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total value of £765,900. Also, insider Albert Hitchcock bought 514 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average price of GBX 668 per share, with a total value of £3,433.52. In the last 90 days, insiders have bought 2,747 shares of company stock valued at $1,834,996. 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.