Jefferies Financial Group Reaffirms “Buy” Rating for NatWest Group (LON:NWG)

NatWest Group (LON:NWG)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Friday, Digital Look reports. They currently have a GBX 770 price target on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 33.29% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research report on Monday, August 3rd. Citigroup increased their price objective on shares of NatWest Group from GBX 840 to GBX 860 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 790 to GBX 830 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. Finally, Berenberg Bank increased their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 800.71.

NatWest Group Price Performance

Shares of NWG traded down GBX 57.52 during trading hours on Friday, hitting GBX 577.68. The stock had a trading volume of 256,219,297 shares, compared to its average volume of 24,298,977. The firm has a 50 day simple moving average of GBX 674.16 and a 200-day simple moving average of GBX 635.93. The firm has a market capitalization of £45.77 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. NatWest Group has a 1-year low of GBX 504.41 and a 1-year high of GBX 788.20.

NatWest Group (LON:NWG) last posted its quarterly earnings results on Friday, October 30th. The company reported GBX 20.10 earnings per share for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. The business had revenue of GBX 450.40 billion for the quarter. Equities analysts predict that NatWest Group will post 45.97 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In related news, insider Paul Thwaite sold 260,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total transaction of £1,794,000. Also, insider Roisin Donnelly acquired 193 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of GBX 670 per share, with a total value of £1,293.10. In the last ninety days, insiders purchased 396 shares of company stock worth $261,386. 0.21% of the stock is currently owned by company 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.