NatWest Group (LON:NWG) Stock Gets Price Target Trim from Berenberg Bank

NatWest Group (LON:NWG) had its target price reduced by Berenberg Bank from GBX 880 to GBX 850 in a report issued on Monday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms also recently weighed in on NWG. Citigroup boosted their price target on shares of NatWest Group from GBX 840 to GBX 860 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Jefferies Financial Group restated a “buy” rating and set a GBX 770 price target on shares of NatWest Group in a research report on Friday, October 30th. JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 790 to GBX 830 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NatWest Group has a consensus rating of “Moderate Buy” and an average price target of GBX 796.43.

NatWest Group Stock Performance

NWG stock opened at GBX 601.08 on Monday. The company has a market capitalization of £47.62 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. NatWest Group has a one year low of GBX 504.41 and a one year high of GBX 788.20. The company’s 50 day moving average price is GBX 666.38 and its two-hundred day moving average price is GBX 635.01.

NatWest Group (LON:NWG) last announced its quarterly earnings data on Friday, October 30th. The company reported GBX 20.10 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 20.53% and a return on equity of 15.79%. The company had revenue of GBX 450.40 billion during the quarter. On average, research analysts predict that NatWest Group will post 45.97 EPS for the current year.

Insider Activity

In other news, insider Roisin Donnelly purchased 193 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average cost of GBX 670 per share, for a total transaction of £1,293.10. Also, insider Katie Murray sold 111,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total transaction of £765,900. Insiders have bought a total of 396 shares of company stock worth $261,386 over the last ninety days. Company insiders own 0.21% of the company’s stock.

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.