Jefferies Financial Group Reaffirms “Buy” Rating for NatWest Group (LON:NWG)

NatWest Group (LON:NWG)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 730 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 2.30% from the company’s previous close.

NWG has been the subject of several other reports. Berenberg Bank reissued a “buy” rating and issued a GBX 860 target price on shares of NatWest Group in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on 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 upgraded NatWest Group to a “hold” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 743.75.

NatWest Group Price Performance

Shares of LON:NWG opened at GBX 713.57 on Friday. The company’s fifty day moving average price is GBX 640.25 and its 200 day moving average price is GBX 614.73. NatWest Group has a 12 month low of GBX 500.20 and a 12 month high of GBX 714.40. The firm has a market capitalization of £56.80 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 20.12% and a return on equity of 14.97%. On average, sell-side analysts anticipate that NatWest Group will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other NatWest Group news, insider Roisin Donnelly bought 194 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average price of GBX 668 per share, for a total transaction of £1,295.92. Also, insider Albert Hitchcock purchased 514 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 668 per share, for a total transaction of £3,433.52. In the last ninety days, insiders bought 6,761 shares of company stock valued at $4,066,780. 0.21% of the stock is owned by 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.