JPMorgan Chase & Co. Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWG) had its price target increased by analysts at JPMorgan Chase & Co. from GBX 730 to GBX 750 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 16.03% from the company’s current price.

A number of other research firms have also recently commented on NWG. Shore Capital lifted their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Barclays reissued an “equal weight” rating and set a GBX 700 target price on shares of NatWest Group in a report on Wednesday, January 7th. Royal Bank Of Canada raised their price target on NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. Finally, Citigroup boosted their price objective on NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research note on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 674.29.

NatWest Group Trading Up 0.1%

Shares of LON:NWG opened at GBX 646.40 on Tuesday. The stock has a market cap of £51.67 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The stock’s fifty day simple moving average is GBX 628.92 and its two-hundred day simple moving average is GBX 566.66. NatWest Group has a 1-year low of GBX 380.60 and a 1-year high of GBX 674.20.

NatWest Group (LON:NWG) last released its quarterly earnings results 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%. On average, sell-side analysts forecast that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In related news, insider Richard Haythornthwait bought 1,804 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was acquired at an average cost of GBX 660 per share, for a total transaction of £11,906.40. Also, insider Roisin Donnelly purchased 470 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was bought at an average cost of GBX 660 per share, for a total transaction of £3,102. Insiders have bought 4,281 shares of company stock valued at $2,825,460 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.