NatWest Group’s (NWG) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of NatWest Group (LON:NWG) in a report published on Friday, MarketBeat reports.

NWG has been the topic of a number of other reports. Peel Hunt began coverage on NatWest Group in a report on Friday, April 19th. They issued a buy rating and a GBX 330 ($4.08) price target on the stock. JPMorgan Chase & Co. raised their target price on NatWest Group from GBX 270 ($3.33) to GBX 290 ($3.58) and gave the company an overweight rating in a research report on Tuesday, April 9th. Berenberg Bank raised their target price on shares of NatWest Group from GBX 300 ($3.71) to GBX 325 ($4.01) and gave the company a buy rating in a report on Friday, February 16th. Finally, Keefe, Bruyette & Woods cut shares of NatWest Group to an underperform rating and set a GBX 230 ($2.84) target price on the stock. in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of GBX 313.89 ($3.88).

NatWest Group Stock Up 5.4 %

Shares of NatWest Group stock opened at GBX 305.38 ($3.77) on Friday. The stock’s fifty day moving average is GBX 258.79 and its two-hundred day moving average is GBX 228.38. NatWest Group has a 52 week low of GBX 168 ($2.08) and a 52 week high of GBX 308.70 ($3.81). The company has a market capitalization of £26.69 billion, a PE ratio of 627.35, a price-to-earnings-growth ratio of 0.46 and a beta of 1.34.

NatWest Group Increases Dividend

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