NatWest Group (LON:NWG) Receives Overweight Rating from JPMorgan Chase & Co.

NatWest Group (LON:NWG)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 730 target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 17.36% from the stock’s current price.

A number of other research firms have also weighed in on NWG. Royal Bank Of Canada increased their price objective on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. Shore Capital upped their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their price target on shares of NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Citigroup boosted their price objective on shares of NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 666.67.

NatWest Group Price Performance

NatWest Group stock traded down GBX 18.20 during mid-day trading on Tuesday, hitting GBX 622. The company’s stock had a trading volume of 18,826,844 shares, compared to its average volume of 30,538,506. The business has a 50 day moving average price of GBX 571.26 and a 200-day moving average price of GBX 536.99. NatWest Group has a 12 month low of GBX 369 and a 12 month high of GBX 641.40. The stock has a market cap of £49.85 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, equities research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In related news, insider Richard Haythornthwait purchased 2,268 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of GBX 525 per share, with a total value of £11,907. Also, insider Gill Whitehead acquired 629 shares of the stock in a transaction on Wednesday, October 1st. The stock was bought at an average price of GBX 525 per share, with a total value of £3,302.25. Insiders have bought 6,541 shares of company stock valued at $3,439,815 over the last three months. Corporate insiders own 0.19% of the company’s stock.

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.