NatWest Group (LON:NWG) Price Target Raised to GBX 690

NatWest Group (LON:NWG) had its target price increased by Citigroup from GBX 640 to GBX 690 in a research report released on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Jefferies Financial Group increased their price target on NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Shore Capital reissued a “hold” rating and issued a GBX 495 price target on shares of NatWest Group in a research note on Friday, July 25th. Royal Bank Of Canada increased their price target on NatWest Group from GBX 475 to GBX 650 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 600 price target on shares of NatWest Group in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 649.17.

NatWest Group Price Performance

Shares of NWG opened at GBX 587 on Tuesday. The company has a market cap of £47.14 billion, a P/E ratio of 9.85, a PEG ratio of 0.46 and a beta of 1.28. The stock has a fifty day moving average price of GBX 535.80 and a 200 day moving average price of GBX 515.78. NatWest Group has a 12 month low of GBX 365.10 and a 12 month high of GBX 589.

NatWest Group (LON:NWG) last issued its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, research analysts anticipate that NatWest Group will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Geeta Gopalan acquired 592 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, for a total transaction of £3,108. Also, insider Roisin Donnelly acquired 591 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average price of GBX 525 per share, with a total value of £3,102.75. Over the last 90 days, insiders have acquired 6,541 shares of company stock valued at $3,439,815. 0.19% of the stock is currently owned by 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.