NatWest Group (LON:NWG) Releases Earnings Results

NatWest Group (LON:NWG) issued its quarterly earnings data on Friday. The company reported GBX 38.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 20.12% and a return on equity of 14.97%.

NatWest Group Stock Up 3.2%

Shares of NWG traded up GBX 22 during trading hours on Friday, hitting GBX 705.80. The company had a trading volume of 46,545,766 shares, compared to its average volume of 25,267,629. NatWest Group has a 52-week low of GBX 500.20 and a 52-week high of GBX 722.60. The stock’s 50 day moving average price is GBX 640.25 and its 200 day moving average price is GBX 614.73. The firm has a market cap of £56.18 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.46 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price objective on shares of NatWest Group in a research note on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 730 price objective on shares of NatWest Group in a report on Friday. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price target on NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a research report on Monday, April 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 860 price target on shares of NatWest Group in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 743.75.

Insider Activity at NatWest Group

In related news, insider Stuart Lewis purchased 497 shares of NatWest Group 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 £3,319.96. Also, insider Josh Critchley purchased 190 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of GBX 668 per share, for a total transaction of £1,269.20. Insiders bought a total of 6,761 shares of company stock worth $4,066,780 over the last three months. Corporate 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.