NatWest Group (LON:NWG) Posts Quarterly Earnings Results

NatWest Group (LON:NWG) issued its earnings results on Friday. The company reported GBX 15.50 ($0.21) earnings per share for the quarter, Digital Look Earnings reports. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%.

NatWest Group Trading Up 1.3 %

NWG opened at GBX 482 ($6.40) on Friday. NatWest Group has a twelve month low of GBX 300.40 ($3.99) and a twelve month high of GBX 497.10 ($6.60). The stock has a market cap of £38.58 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The business’s 50 day moving average is GBX 454.94 and its 200-day moving average is GBX 421.67.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWG. Citigroup boosted their price objective on NatWest Group from GBX 580 ($7.70) to GBX 615 ($8.16) and gave the stock a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. upped their price target on NatWest Group from GBX 510 ($6.77) to GBX 550 ($7.30) and gave the stock a “top pick” rating in a report on Tuesday, March 25th. Finally, Shore Capital reiterated a “hold” rating on shares of NatWest Group in a research note on Friday.

Insider Activity at NatWest Group

In other news, insider Lena Wilson purchased 261 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was purchased at an average cost of GBX 454 ($6.03) per share, with a total value of £1,184.94 ($1,572.79). 16.15% of the stock is owned by insiders.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.