NatWest Group (LON:NWG) Sets New 1-Year High – Should You Buy?

NatWest Group plc (LON:NWG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 649.80 and last traded at GBX 648.60, with a volume of 11164146 shares changing hands. The stock had previously closed at GBX 646.

Wall Street Analysts Forecast Growth

NWG has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 730 price objective on shares of NatWest Group in a report on Tuesday, December 2nd. Royal Bank Of Canada boosted their price objective on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. Citigroup increased their target price on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a report on Monday, December 1st. Shore Capital lifted their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group upped their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NatWest Group currently has an average rating of “Moderate Buy” and an average price target of GBX 666.67.

NatWest Group Price Performance

The company has a market capitalization of £51.89 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm has a fifty day moving average price of GBX 597.95 and a 200-day moving average price of GBX 547.37.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, research analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Buying and Selling

In related news, insider Stuart Lewis acquired 607 shares of the stock in a transaction on Wednesday, October 1st. The shares were acquired at an average price of GBX 525 per share, with a total value of £3,186.75. Also, insider Geeta Gopalan bought 592 shares of NatWest Group stock in a transaction dated Wednesday, October 1st. The shares were bought at an average cost of GBX 525 per share, with a total value of £3,108. Insiders bought 5,383 shares of company stock worth $2,826,075 in the last ninety days. Corporate insiders own 0.19% 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.