NatWest Group (LON:NWG) Issues Quarterly Earnings Results

NatWest Group (LON:NWG) issued its quarterly earnings results on Friday. The company reported GBX 19.80 EPS for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%.

NatWest Group Stock Performance

Shares of NWG opened at GBX 564.54 on Friday. NatWest Group has a 52 week low of GBX 359.90 and a 52 week high of GBX 583. The firm has a market cap of £45.33 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm’s 50-day simple moving average is GBX 533.43 and its 200 day simple moving average is GBX 510.67.

Analysts Set New Price Targets

Several brokerages have commented on NWG. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Citigroup boosted their price objective on shares of NatWest Group from GBX 595 to GBX 620 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Jefferies Financial Group boosted their price objective on shares of NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price objective on shares of NatWest Group in a research note on Monday, July 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of NatWest Group from GBX 475 to GBX 650 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 613.33.

Insider Activity

In other NatWest Group news, insider Stuart Lewis bought 607 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were purchased at an average price of GBX 525 per share, for a total transaction of £3,186.75. Also, insider Richard Haythornthwait bought 2,268 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were acquired at an average price of GBX 525 per share, for a total transaction of £11,907. Over the last 90 days, insiders have acquired 6,541 shares of company stock worth $3,439,815. 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.