NatWest Group (LON:NWG) Price Target Raised to GBX 790

NatWest Group (LON:NWG) had its target price upped by JPMorgan Chase & Co. from GBX 780 to GBX 790 in a research note issued to investors on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also commented on NWG. Shore Capital Group raised NatWest Group to a “hold” rating in a report on Friday, May 1st. Berenberg Bank boosted their price objective on NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 price objective on shares of NatWest Group in a report on Tuesday, May 5th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 730 target price on shares of NatWest Group in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 756.88.

NatWest Group Trading Down 0.3%

Shares of NWG stock opened at GBX 713.80 on Monday. The stock has a market capitalization of £56.82 billion, a P/E ratio of 9.57, a PEG ratio of 0.46 and a beta of 0.81. The firm’s 50 day moving average is GBX 650.15 and its 200 day moving average is GBX 616.98. NatWest Group has a 12 month low of GBX 500.20 and a 12 month high of GBX 726.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share for the quarter. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%. On average, equities analysts predict that NatWest Group will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other news, insider Albert Hitchcock purchased 514 shares of NatWest Group stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Geeta Gopalan purchased 487 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of GBX 668 per share, for a total transaction of £3,253.16. Over the last ninety days, insiders bought 2,747 shares of company stock worth $1,834,996. Company 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.