NatWest Group (LON:NWG) Price Target Raised to GBX 650

NatWest Group (LON:NWG) had its price objective increased by equities research analysts at Royal Bank Of Canada from GBX 475 ($6.31) to GBX 650 ($8.63) in a report released on Wednesday, MarketBeat.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 24.28% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 ($7.97) target price on shares of NatWest Group in a research report on Monday, July 28th. Shore Capital reiterated a “hold” rating and set a GBX 495 ($6.57) target price on shares of NatWest Group in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NatWest Group from GBX 600 ($7.97) to GBX 610 ($8.10) and gave the company an “overweight” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 560.83 ($7.45).

NatWest Group Trading Up 2.2%

Shares of LON:NWG opened at GBX 523 ($6.94) on Wednesday. The company has a 50 day moving average of GBX 509.25 and a 200 day moving average of GBX 474.45. The stock has a market cap of £41.86 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.46 and a beta of 1.28. NatWest Group has a 12 month low of GBX 309 ($4.10) and a 12 month high of GBX 537.20 ($7.13).

NatWest Group (LON:NWG) last announced its earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.41) earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, equities analysts forecast that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Geeta Gopalan acquired 620 shares of the stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average cost of GBX 501 ($6.65) per share, for a total transaction of £3,106.20 ($4,124.55). Also, insider Richard Haythornthwait acquired 2,378 shares of the stock in a transaction dated Tuesday, July 1st. The stock was acquired at an average price of GBX 501 ($6.65) per share, with a total value of £11,913.78 ($15,819.65). In the last quarter, insiders purchased 5,552 shares of company stock worth $2,781,552. Corporate insiders own 16.15% of the company’s stock.

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.