NatWest Group (LON:NWG) Announces Earnings Results

NatWest Group (LON:NWG) posted its quarterly earnings results on Friday. The company reported GBX 19.80 EPS 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 3.5%

NWG opened at GBX 564.54 on Friday. NatWest Group has a 12-month low of GBX 359.90 and a 12-month high of GBX 583. The business’s fifty day simple moving average is GBX 533.43 and its 200-day simple moving average is GBX 511.26. The company has a market capitalization of £45.33 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.46 and a beta of 1.28.

Insider Buying and Selling at NatWest Group

In other news, insider Paul Thwaite sold 26,481 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total transaction of £136,641.96. Also, insider Stuart Lewis bought 607 shares of the stock in a transaction on Wednesday, October 1st. The shares were bought at an average price of GBX 525 per share, with a total value of £3,186.75. In the last ninety days, insiders have purchased 6,541 shares of company stock worth $3,439,815. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price target on NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Royal Bank Of Canada raised their price target on NatWest Group from GBX 475 to GBX 650 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Shore Capital reaffirmed a “hold” rating and issued a GBX 495 target price on shares of NatWest Group in a report on Friday, July 25th. Jefferies Financial Group boosted their price objective on NatWest Group from GBX 530 to GBX 615 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 600 price objective on shares of NatWest Group in a research note on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 613.33.

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.