NatWest Group plc (LON:NWG) Receives GBX 311.88 Consensus PT from Brokerages

Shares of NatWest Group plc (LON:NWG) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 313.89 ($3.91).

A number of research firms have recently weighed in on NWG. Peel Hunt began coverage on NatWest Group in a report on Friday. They set a “buy” rating and a GBX 330 ($4.11) price target for the company. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Berenberg Bank increased their price target on NatWest Group from GBX 300 ($3.73) to GBX 325 ($4.05) and gave the stock a “buy” rating in a report on Friday, February 16th. Shore Capital restated a “buy” rating on shares of NatWest Group in a report on Thursday, February 29th. Finally, Keefe, Bruyette & Woods cut NatWest Group to an “underperform” rating and set a GBX 230 ($2.86) target price for the company. in a report on Monday, February 12th.

NatWest Group Stock Up 0.5 %

Shares of LON:NWG opened at GBX 276.70 ($3.44) on Monday. The business has a fifty day moving average of GBX 251.12 and a two-hundred day moving average of GBX 226.08. The stock has a market cap of £24.18 billion, a P/E ratio of 564.69, a PEG ratio of 0.46 and a beta of 1.34. NatWest Group has a 52-week low of GBX 168 ($2.09) and a 52-week high of GBX 281 ($3.50).

NatWest Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 14th will be given a dividend of GBX 11.50 ($0.14) per share. This represents a dividend yield of 5.37%. The ex-dividend date is Thursday, March 14th. This is a positive change from NatWest Group’s previous dividend of $5.50. NatWest Group’s dividend payout ratio (DPR) is 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.