NatWest Group’s (NWG) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

NatWest Group (LON:NWG)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 840 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 16.54% from the company’s previous close.

A number of other equities analysts also recently issued reports on NWG. Shore Capital Group upgraded NatWest Group to a “hold” rating in a research note on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 730 price objective on shares of NatWest Group in a research report on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research report on Monday. Berenberg Bank boosted their price target on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NatWest Group from GBX 780 to GBX 790 and gave the stock an “overweight” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 756.88.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at GBX 720.80 on Monday. The company has a 50-day simple moving average of GBX 642.69 and a two-hundred day simple moving average of GBX 615.19. The stock has a market capitalization of £57.37 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. NatWest Group has a 52-week low of GBX 500.20 and a 52-week high of GBX 725.08.

NatWest Group (LON:NWG) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%. As a group, equities research analysts forecast that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In related news, insider Albert Hitchcock purchased 514 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Josh Critchley acquired 190 shares of the stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of GBX 668 per share, with a total value of £1,269.20. In the last 90 days, insiders purchased 6,761 shares of company stock valued at $4,066,780. 0.21% of the stock is owned by company insiders.

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.