NatWest Group (LON:NWG) Price Target Raised to GBX 610

NatWest Group (LON:NWG) had its price target raised by JPMorgan Chase & Co. from GBX 600 ($7.96) to GBX 610 ($8.09) in a report issued on Monday, MarketBeat reports. The firm currently has an overweight rating on the stock.

Separately, Shore Capital reiterated a “hold” rating and set a GBX 495 ($6.56) target price on shares of NatWest Group in a research note on Friday, July 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 564.17 ($7.48).

NatWest Group Price Performance

NWG stock opened at GBX 528.20 ($7.00) on Monday. The business’s 50-day moving average is GBX 509.43 and its two-hundred day moving average is GBX 471.64. The firm has a market capitalization of £42.28 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.46 and a beta of 1.28. NatWest Group has a 1 year low of GBX 309 ($4.10) and a 1 year high of GBX 537.20 ($7.12).

NatWest Group (LON:NWG) last issued its earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.41) 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, analysts expect that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In related news, insider Gill Whitehead acquired 569 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was bought at an average price of GBX 501 ($6.64) per share, for a total transaction of £2,850.69 ($3,779.75). Also, insider Geeta Gopalan acquired 620 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were purchased at an average cost of GBX 501 ($6.64) per share, for a total transaction of £3,106.20 ($4,118.54). Insiders have acquired 5,552 shares of company stock valued at $2,781,552 in the last quarter. Company insiders own 16.15% of the company’s stock.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.