NatWest Group (LON:NWG) Posts Earnings Results

NatWest Group (LON:NWG) issued its quarterly earnings results on Friday. The company reported GBX 15.50 ($0.21) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%.

NatWest Group Stock Performance

NWG opened at GBX 482 ($6.39) on Friday. The firm has a market cap of £38.58 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The business’s fifty day moving average is GBX 454.94 and its 200-day moving average is GBX 421.21. NatWest Group has a 52-week low of GBX 300.40 ($3.99) and a 52-week high of GBX 497.10 ($6.59).

Insider Buying and Selling

In other news, insider Lena Wilson bought 261 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was acquired at an average price of GBX 454 ($6.02) per share, with a total value of £1,184.94 ($1,571.96). 16.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Shore Capital restated a “hold” rating on shares of NatWest Group in a research note on Friday. Citigroup lifted their target price on shares of NatWest Group from GBX 580 ($7.69) to GBX 615 ($8.16) and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 510 ($6.77) to GBX 550 ($7.30) and gave the company a “top pick” rating in a research report on Tuesday, March 25th.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.