NatWest Group (LON:NWG) Posts Earnings Results

NatWest Group (LON:NWG) announced its quarterly earnings results on Friday. The company reported GBX 68 earnings per share for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%.

NatWest Group Stock Down 2.5%

LON:NWG traded down GBX 14.80 on Friday, hitting GBX 580.20. The stock had a trading volume of 82,005,445 shares, compared to its average volume of 24,745,215. The business’s 50-day simple moving average is GBX 645.37 and its two-hundred day simple moving average is GBX 585.56. The stock has a market cap of £46.29 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a 52-week low of GBX 380.60 and a 52-week high of GBX 705.40.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NWG. Deutsche Bank Aktiengesellschaft increased their target price on NatWest Group from GBX 660 to GBX 730 and gave the company a “buy” rating in a research note on Friday, January 23rd. Barclays reaffirmed an “equal weight” rating and set a GBX 700 price objective on shares of NatWest Group in a research report on Wednesday, January 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research report on Monday. Shore Capital Group restated a “hold” rating on shares of NatWest Group in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of NatWest Group from GBX 730 to GBX 750 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NatWest Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.86.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Richard Haythornthwait bought 1,804 shares of NatWest Group stock in a transaction on Friday, January 2nd. The stock was acquired at an average cost of GBX 660 per share, with a total value of £11,906.40. Also, insider Stuart Lewis purchased 483 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of GBX 660 per share, for a total transaction of £3,187.80. Over the last ninety days, insiders have purchased 4,281 shares of company stock worth $2,825,460. 0.19% of the stock is currently owned by corporate insiders.

About NatWest Group

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.