NatWest Group (LON:NWG) Hits New 1-Year High – Here’s Why

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 436.60 ($5.43) and last traded at GBX 435.10 ($5.41), with a volume of 24645250 shares trading hands. The stock had previously closed at GBX 425.20 ($5.29).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated a “top pick” rating on shares of NatWest Group in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351 ($4.37).

NatWest Group Stock Performance

The company’s 50 day moving average is GBX 403.54 and its 200 day moving average is GBX 368.44. The stock has a market capitalization of £36.24 billion, a price-to-earnings ratio of 925.74, a PEG ratio of 0.46 and a beta of 1.28.

Insider Activity

In other news, insider Katie Murray sold 533,746 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.88), for a total value of £2,092,284.32 ($2,603,315.07). Also, insider Stuart Lewis acquired 774 shares of NatWest Group stock in a transaction dated Thursday, January 2nd. The shares were acquired at an average cost of GBX 397 ($4.94) per share, with a total value of £3,072.78 ($3,823.29). 16.15% of the stock is owned by company insiders.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.