NatWest Group (LON:NWG) Shares Up 2.6% – Time to Buy?

NatWest Group plc (LON:NWG) shares traded up 2.6% during trading on Tuesday . The company traded as high as GBX 597.20 and last traded at GBX 590.80. 57,020,570 shares changed hands during mid-day trading, an increase of 123% from the average session volume of 25,620,141 shares. The stock had previously closed at GBX 575.80.

Analyst Ratings Changes

NWG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 price objective on shares of NatWest Group in a research report on Monday, February 9th. Barclays restated an “equal weight” rating and set a GBX 700 price target on shares of NatWest Group in a research report on Wednesday, January 7th. Shore Capital Group reaffirmed a “hold” rating on shares of NatWest Group in a research report on Monday, February 9th. JPMorgan Chase & Co. boosted 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. Finally, Citigroup raised their price objective on shares of NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research note on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NatWest Group has a consensus rating of “Moderate Buy” and an average price target of GBX 692.86.

NatWest Group Price Performance

The stock’s 50 day moving average is GBX 631.96 and its two-hundred day moving average is GBX 594.64. The stock has a market capitalization of £45.65 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.46 and a beta of 0.79.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, February 13th. The company reported GBX 68 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 22.26% and a return on equity of 14.33%. On average, equities analysts predict that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Stuart Lewis purchased 483 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of GBX 660 per share, for a total transaction of £3,187.80. Also, insider Richard Haythornthwait bought 1,804 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 660 per share, for a total transaction of £11,906.40. In the last 90 days, insiders have acquired 4,281 shares of company stock worth $2,825,460. 0.20% of the stock is currently owned by company 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.