NatWest Group plc (LON:NWG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of NatWest Group plc (LON:NWG) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 761.88.

Several brokerages have recently weighed in on NWG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 770 target price on shares of NatWest Group in a report on Wednesday, September 2nd. 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. Finally, JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 780 to GBX 790 and gave the stock an “overweight” rating in a report on Monday, August 3rd.

NatWest Group Stock Up 2.3%

Shares of NatWest Group stock opened at GBX 697.80 on Friday. NatWest Group has a twelve month low of GBX 504 and a twelve month high of GBX 726. The stock has a market cap of £55.41 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 0.46 and a beta of 0.81. The company’s fifty day moving average is GBX 686.29 and its 200 day moving average is GBX 626.71.

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

Insider Buying and Selling

In other news, insider Geeta Gopalan bought 487 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 668 per share, with a total value of £3,253.16. Also, insider Lena Wilson bought 183 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, with a total value of £1,222.44. In the last 90 days, insiders purchased 2,747 shares of company stock worth $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.