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

NatWest Group plc (LON:NWG) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 620.40 and last traded at GBX 617.80, with a volume of 14007056 shares traded. The stock had previously closed at GBX 609.20.

Analyst Ratings Changes

Several research firms have recently weighed in on NWG. Shore Capital raised their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada lifted their target price on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 600 price target on shares of NatWest Group in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Finally, Citigroup upped their price objective on shares of NatWest Group from GBX 640 to GBX 690 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 649.17.

NatWest Group Price Performance

The business’s 50-day simple moving average is GBX 545.13 and its 200-day simple moving average is GBX 524.11. The company has a market cap of £49.81 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 earnings per share for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, sell-side analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard Haythornthwait acquired 2,268 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was bought at an average cost of GBX 525 per share, with a total value of £11,907. Also, insider Stuart Lewis acquired 607 shares of the stock in a transaction on Wednesday, October 1st. The shares were acquired at an average price of GBX 525 per share, with a total value of £3,186.75. In the last 90 days, insiders have bought 6,541 shares of company stock worth $3,439,815. 0.19% of the stock is owned by company insiders.

About NatWest Group

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.