NatWest Group (LON:NWG) Price Target Raised to GBX 615

NatWest Group (LON:NWG) had its price objective boosted by Jefferies Financial Group from GBX 530 to GBX 615 in a research note published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada boosted their target price on NatWest Group from GBX 475 to GBX 650 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Citigroup cut their price objective on shares of NatWest Group from GBX 610 to GBX 595 and set a “buy” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of NatWest Group from GBX 600 to GBX 610 and gave the stock an “overweight” rating in a report on Monday, July 28th. Shore Capital reissued a “hold” rating and set a GBX 495 price objective on shares of NatWest Group in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 price target on shares of NatWest Group in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NatWest Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 594.17.

NatWest Group Trading Down 1.4%

NatWest Group stock opened at GBX 536.60 on Tuesday. The stock has a market cap of £42.95 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company has a fifty day simple moving average of GBX 516.87 and a 200-day simple moving average of GBX 488.73. NatWest Group has a 12-month low of GBX 325.70 and a 12-month high of GBX 565.42.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, July 25th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, sell-side 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 Paul Thwaite sold 26,481 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of GBX 516, for a total value of £136,641.96. Also, insider Stuart Lewis purchased 636 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 501 per share, for a total transaction of £3,186.36. Insiders have acquired a total of 5,552 shares of company stock worth $2,781,552 over the last three months. 16.15% of the stock is currently owned by company 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.