NatWest Group (LON:NWG) Hits New 12-Month High – Still a Buy?

NatWest Group plc (LON:NWG) hit a new 52-week high on Monday . The stock traded as high as GBX 498.10 ($6.62) and last traded at GBX 482.80 ($6.42), with a volume of 355521344 shares trading hands. The stock had previously closed at GBX 491.96 ($6.54).

Analyst Upgrades and Downgrades

NWG has been the subject of several recent research reports. Citigroup lifted their price target on NatWest Group from GBX 580 ($7.71) to GBX 615 ($8.17) and gave the company a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 510 ($6.78) to GBX 550 ($7.31) and gave the company a “top pick” rating in a research report on Tuesday, March 25th. Finally, Shore Capital reiterated a “hold” rating on shares of NatWest Group in a research report on Friday, May 2nd.

NatWest Group Price Performance

The company has a market cap of £38.62 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company has a 50 day moving average of GBX 456.27 and a 200-day moving average of GBX 426.50.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, May 2nd. The company reported GBX 15.50 ($0.21) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Research analysts anticipate that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In other news, insider Lena Wilson purchased 261 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was purchased at an average price of GBX 454 ($6.03) per share, with a total value of £1,184.94 ($1,574.46). 16.15% of the stock is owned by corporate insiders.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.