NatWest Group (LON:NWG) Trading Down 0.1% – Time to Sell?

NatWest Group plc (LON:NWG) shares were down 0.1% on Thursday . The stock traded as low as GBX 630 and last traded at GBX 636.76. Approximately 18,844,086 shares were traded during trading, a decline of 26% from the average daily volume of 25,385,391 shares. The stock had previously closed at GBX 637.39.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NWG shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a report on Monday, April 13th. Jefferies Financial Group cut their price objective on NatWest Group from GBX 750 to GBX 730 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. Finally, Shore Capital Group upgraded NatWest Group to a “hold” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 727.14.

NatWest Group Price Performance

The company has a market cap of £50.71 billion, a P/E ratio of 9.12, a PEG ratio of 0.46 and a beta of 0.82. The firm’s 50-day moving average is GBX 593.70 and its two-hundred day moving average is GBX 608.93.

Insiders Place Their Bets

In other NatWest Group news, insider Patrick Flynn bought 415 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of GBX 556 per share, for a total transaction of £2,307.40. Also, insider Richard Haythornthwait bought 1,775 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of GBX 556 per share, for a total transaction of £9,869. Over the last ninety days, insiders bought 4,014 shares of company stock worth $2,231,784. Insiders own 0.21% 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.