NatWest Group (LON:NWG) Price Target Raised to GBX 830

NatWest Group (LON:NWG) had its target price upped by JPMorgan Chase & Co. from GBX 790 to GBX 830 in a report issued on Tuesday,Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

NWG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research report on Monday, August 3rd. Citigroup boosted their price objective on NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 770 price objective on shares of NatWest Group in a research note on Wednesday, September 2nd. Berenberg Bank increased their target price on NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NatWest Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 766.88.

NatWest Group Stock Performance

Shares of LON NWG opened at GBX 712.80 on Tuesday. The firm has a fifty day moving average of GBX 688.45 and a 200 day moving average of GBX 629.12. The firm has a market cap of £56.60 billion, a PE ratio of 9.55, a PEG ratio of 0.46 and a beta of 0.81. NatWest Group has a one year low of GBX 504 and a one year high of GBX 726.

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. On average, equities analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insiders Place Their Bets

In other NatWest Group news, insider Geeta Gopalan purchased 487 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, with a total value of £3,253.16. Also, insider Lena Wilson purchased 183 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average price of GBX 668 per share, for a total transaction of £1,222.44. Over the last three months, insiders acquired 2,747 shares of company stock valued at $1,834,996. Corporate insiders own 0.21% of the company’s stock.

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.