NatWest Group (LON:NWG) Hits New 12-Month High – Still a Buy?

NatWest Group plc (LON:NWG) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 620.40 and last traded at GBX 617.80, with a volume of 14007056 shares trading hands. The stock had previously closed at GBX 609.20.

Analysts Set New Price Targets

Several research firms have issued reports on NWG. Citigroup upped their price objective on shares of NatWest Group from GBX 640 to GBX 690 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada upped their target price on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. Jefferies Financial Group lifted their price target on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Shore Capital boosted their price objective on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 600 price objective on shares of NatWest Group in a report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 649.17.

NatWest Group Price Performance

The firm has a market capitalization of £48.19 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The business’s 50 day moving average price is GBX 549.52 and its 200-day moving average price is GBX 525.49.

NatWest Group (LON:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Stuart Lewis acquired 607 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of GBX 525 per share, with a total value of £3,186.75. Also, insider Roisin Donnelly bought 591 shares of the stock in a transaction on Wednesday, October 1st. The shares were bought at an average price of GBX 525 per share, for a total transaction of £3,102.75. Insiders have acquired 6,541 shares of company stock valued at $3,439,815 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

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.