NatWest Group (LON:NWG) Reaches New 52-Week High – Still a Buy?

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high on Friday . The stock traded as high as GBX 378.50 ($4.91) and last traded at GBX 377.95 ($4.91), with a volume of 347723188 shares traded. The stock had previously closed at GBX 360.60 ($4.68).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NWG. JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 370 ($4.80) to GBX 420 ($5.45) and gave the company an “overweight” rating in a research report on Monday, July 29th. Citigroup reissued a “buy” rating on shares of NatWest Group in a report on Monday, September 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 415 ($5.39) target price on shares of NatWest Group in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.51).

NatWest Group Stock Performance

The firm’s fifty day simple moving average is GBX 343.78 and its 200 day simple moving average is GBX 325. The stock has a market capitalization of £31.38 billion, a P/E ratio of 767.23, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

Insider Buying and Selling

In other news, insider Yasmin Jetha acquired 842 shares of the stock in a transaction on Tuesday, October 1st. The stock was acquired at an average cost of GBX 344 ($4.47) per share, for a total transaction of £2,896.48 ($3,760.69). 16.15% of the stock is currently owned by company insiders.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.