NatWest Group (LON:NWG) PT Raised to GBX 290 at JPMorgan Chase & Co.

NatWest Group (LON:NWG) had its price objective hoisted by JPMorgan Chase & Co. from GBX 270 ($3.42) to GBX 290 ($3.67) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Several other analysts have also recently commented on the stock. Keefe, Bruyette & Woods cut shares of NatWest Group to an underperform rating and set a GBX 230 ($2.91) target price for the company. in a research note on Monday, February 12th. Shore Capital reissued a buy rating on shares of NatWest Group in a report on Thursday, February 29th. Finally, Berenberg Bank lifted their price objective on NatWest Group from GBX 300 ($3.80) to GBX 325 ($4.11) and gave the company a buy rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of GBX 311.88 ($3.95).

NatWest Group Price Performance

Shares of LON NWG opened at GBX 274.50 ($3.47) on Tuesday. The stock has a fifty day moving average price of GBX 245.39 and a 200 day moving average price of GBX 224.73. NatWest Group has a 1-year low of GBX 168 ($2.13) and a 1-year high of GBX 281 ($3.56). The company has a market cap of £23.99 billion, a PE ratio of 560.20, a P/E/G ratio of 0.46 and a beta of 1.34.

NatWest Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 14th will be issued a GBX 11.50 ($0.15) dividend. This represents a dividend yield of 5.37%. The ex-dividend date is Thursday, March 14th. This is an increase from NatWest Group’s previous dividend of $5.50. NatWest Group’s dividend payout ratio (DPR) is currently 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.