NatWest Group (LON:NWG) Sets New 52-Week High – What’s Next?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 455.40 ($5.75) and last traded at GBX 454.11 ($5.74), with a volume of 30744607 shares trading hands. The stock had previously closed at GBX 436.10 ($5.51).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 500 ($6.32) to GBX 510 ($6.44) and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 403.75 ($5.10).

NatWest Group Price Performance

The stock has a market capitalization of £36.35 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm has a fifty day moving average of GBX 416.26 and a 200 day moving average of GBX 380.74.

NatWest Group (LON:NWG) last posted its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.66) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Research analysts predict that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Buying and Selling

In other NatWest Group news, insider Stuart Lewis purchased 774 shares of the stock in a transaction on Thursday, January 2nd. The shares were bought at an average price of GBX 397 ($5.02) per share, for a total transaction of £3,072.78 ($3,882.22). Also, insider Katie Murray sold 533,746 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.95), for a total value of £2,092,284.32 ($2,643,441.97). 16.15% of the stock is owned by corporate 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.