NatWest Group (LON:NWG) Issues Quarterly Earnings Results

NatWest Group (LON:NWG) issued its earnings results on Friday. The company reported GBX 38.10 earnings per share for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 20.12% and a return on equity of 14.97%.

NatWest Group Stock Up 3.2%

Shares of NWG stock traded up GBX 22 during trading hours on Friday, hitting GBX 705.80. 46,545,766 shares of the company’s stock traded hands, compared to its average volume of 25,267,629. The stock’s 50 day simple moving average is GBX 640.25 and its 200 day simple moving average is GBX 614.73. The stock has a market cap of £56.18 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. NatWest Group has a 12 month low of GBX 500.20 and a 12 month high of GBX 722.60.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a report on Monday, April 13th. Berenberg Bank restated a “buy” rating and set a GBX 860 price objective on shares of NatWest Group in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NatWest Group presently has an average rating of “Moderate Buy” and an average price target of GBX 743.75.

Insider Activity at NatWest Group

In related news, insider Albert Hitchcock acquired 514 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average cost of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Geeta Gopalan bought 487 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 668 per share, with a total value of £3,253.16. Insiders have acquired 6,761 shares of company stock valued at $4,066,780 in the last quarter. Insiders own 0.21% 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.