Jefferies Financial Group Cuts NatWest Group (LON:NWG) Price Target to GBX 730

NatWest Group (LON:NWG) had its price target cut by investment analysts at Jefferies Financial Group from GBX 750 to GBX 730 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 27.44% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research report on Tuesday. Barclays reiterated an “equal weight” rating and issued a GBX 700 price objective on shares of NatWest Group in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Shore Capital Group raised shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 727.14.

NatWest Group Price Performance

LON NWG opened at GBX 572.80 on Wednesday. The firm’s fifty day moving average price is GBX 582.63 and its 200 day moving average price is GBX 607.81. The company has a market capitalization of £45.66 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.46 and a beta of 0.83. NatWest Group has a 12 month low of GBX 471 and a 12 month high of GBX 705.40.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, February 13th. The company reported GBX 68 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 20.12% and a return on equity of 14.55%. As a group, sell-side analysts forecast that NatWest Group will post 45.9724712 earnings per share for the current year.

NatWest Group Company Profile

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.