NatWest Group (LON:NWG) Price Target Raised to GBX 880

NatWest Group (LON:NWGFree Report) had its target price boosted by Berenberg Bank from GBX 860 to GBX 880 in a research report report published on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on NWG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 730 price objective on shares of NatWest Group in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research note on Tuesday, May 5th. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a research note on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 756.88.

Read Our Latest Research Report on NWG

NatWest Group Trading Down 0.3%

Shares of LON NWG opened at GBX 713.80 on Monday. The company has a market cap of £56.82 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.46 and a beta of 0.81. NatWest Group has a 12 month low of GBX 500.20 and a 12 month high of GBX 726. The stock has a 50-day moving average price of GBX 650.15 and a two-hundred day moving average price of GBX 616.98.

NatWest Group (LON:NWGGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share for the quarter. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%. On average, sell-side analysts predict that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Buying and Selling

In other NatWest Group news, insider Geeta Gopalan bought 487 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of GBX 668 per share, for a total transaction of £3,253.16. Also, insider Patrick Flynn bought 197 shares of NatWest Group stock in a transaction on Wednesday, July 1st. The shares were acquired at an average cost of GBX 668 per share, for a total transaction of £1,315.96. Insiders have acquired a total of 2,747 shares of company stock valued at $1,834,996 over the last three months. Insiders own 0.21% of the company’s stock.

About NatWest Group

(Get Free Report)

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.

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