NatWest Group plc (LON:NWG) Receives Average Rating of “Moderate Buy” from Brokerages

NatWest Group plc (LON:NWG) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 761.88.

Several brokerages recently issued reports on NWG. Jefferies Financial Group reissued a “buy” rating and set a GBX 770 price objective on shares of NatWest Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a report on Monday, August 3rd. Berenberg Bank increased their target price on NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a report on Monday, August 3rd. Finally, Citigroup boosted their price target on NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a research report on Monday, August 3rd.

NatWest Group Trading Up 0.3%

Shares of NWG opened at GBX 699.39 on Friday. NatWest Group has a twelve month low of GBX 504 and a twelve month high of GBX 726. The company has a market cap of £55.67 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.46 and a beta of 0.81. The company’s fifty day simple moving average is GBX 684.35 and its 200-day simple moving average is GBX 623.96.

NatWest Group (LON:NWG) last released its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. Analysts predict that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Paul Thwaite sold 260,000 shares of NatWest Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total transaction of £1,794,000. Also, insider Albert Hitchcock bought 514 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, with a total value of £3,433.52. Insiders acquired a total of 2,747 shares of company stock worth $1,834,996 over the last ninety days. Corporate insiders own 0.21% 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.