NatWest Group plc (LON:NWG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NatWest Group plc (LON:NWG) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 769.38.

Several research analysts have recently issued reports on NWG shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 770 target price on shares of NatWest Group in a research report on Wednesday, September 2nd. Citigroup lifted their price target on NatWest Group from GBX 840 to GBX 860 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 790 to GBX 830 and gave the stock a “neutral” rating in a report on Tuesday, September 15th. Finally, Berenberg Bank raised their price objective on NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research report on Monday, August 3rd.

Insider Buying and Selling at NatWest Group

In related news, insider Paul Thwaite sold 260,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total value of £1,794,000. Also, insider Patrick Flynn purchased 196 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of GBX 670 per share, with a total value of £1,313.20. Insiders bought 396 shares of company stock valued at $261,386 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

NatWest Group Trading Down 0.6%

Shares of NWG opened at GBX 664.20 on Wednesday. NatWest Group has a 1-year low of GBX 504.41 and a 1-year high of GBX 726. The firm’s 50-day moving average price is GBX 692.75 and its 200-day moving average price is GBX 638.35. The firm has a market capitalization of £52.74 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. On average, research analysts forecast that NatWest Group will post 45.9724712 EPS for the current fiscal year.

About NatWest Group

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.