Royal Bank Of Canada Reaffirms Sector Perform Rating for NatWest Group (LON:NWG)

NatWest Group (LON:NWG)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 725 price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 30.58% from the company’s current price.

Several other brokerages have also recently commented on NWG. Barclays reiterated an “equal weight” rating and issued a GBX 700 price target on shares of NatWest Group in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NatWest Group from GBX 730 to GBX 840 and gave the stock a “buy” rating in a research note on Friday, March 27th. Finally, Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 712.86.

NatWest Group Price Performance

NatWest Group stock opened at GBX 555.20 on Tuesday. NatWest Group has a 1 year low of GBX 471 and a 1 year high of GBX 705.40. The firm’s 50 day moving average price is GBX 583.89 and its 200-day moving average price is GBX 607.80. The stock has a market cap of £44.26 billion, a P/E ratio of 7.95, a PEG ratio of 0.46 and a beta of 0.83.

NatWest Group (LON:NWG) last issued its earnings results on Friday, February 13th. The company reported GBX 68 earnings per share for the quarter. NatWest Group had a net margin of 20.12% and a return on equity of 14.55%. As a group, equities analysts expect that NatWest Group will post 45.9724712 EPS for the current year.

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.