NatWest Group (LON:NWG) Hits New 1-Year High at $310.00

NatWest Group plc (LON:NWG) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 310 ($3.89) and last traded at GBX 302.90 ($3.80), with a volume of 428189438 shares trading hands. The stock had previously closed at GBX 305.38 ($3.84).

Analysts Set New Price Targets

A number of research analysts have recently commented on NWG shares. Keefe, Bruyette & Woods cut NatWest Group to an “underperform” rating and set a GBX 230 ($2.89) target price on the stock. in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 270 ($3.39) to GBX 290 ($3.64) and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Berenberg Bank upped their target price on NatWest Group from GBX 300 ($3.77) to GBX 325 ($4.08) and gave the company a “buy” rating in a research note on Friday, February 16th. Shore Capital reaffirmed a “buy” rating on shares of NatWest Group in a research note on Friday, April 26th. Finally, Peel Hunt started coverage on NatWest Group in a research note on Friday, April 19th. They set a “buy” rating and a GBX 330 ($4.15) target price on the stock. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 313.89 ($3.94).

NatWest Group Price Performance

The stock has a market cap of £26.84 billion, a PE ratio of 619.39, a price-to-earnings-growth ratio of 0.46 and a beta of 1.34. The business has a fifty day moving average of GBX 261.83 and a 200-day moving average of GBX 229.44.

NatWest Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 14th were issued a GBX 11.50 ($0.14) dividend. This is a positive change from NatWest Group’s previous dividend of $5.50. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 5.37%. NatWest Group’s payout ratio is presently 3,469.39%.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.