NatWest Group (LON:NWG) Sets New 12-Month High – Should You Buy?

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 712 and last traded at GBX 711.60, with a volume of 182032625 shares trading hands. The stock had previously closed at GBX 683.80.

Analyst Upgrades and Downgrades

NWG has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and set a GBX 860 price objective on shares of NatWest Group in a report on Wednesday, June 24th. Shore Capital Group upgraded NatWest Group to a “hold” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group lowered their price target 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 743.75.

NatWest Group Stock Up 3.7%

The company has a market capitalization of £56.42 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. The business’s 50-day moving average is GBX 640.25 and its two-hundred day moving average is GBX 614.73.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Patrick Flynn bought 197 shares of NatWest Group stock in a transaction dated Wednesday, July 1st. The stock was bought at an average cost of GBX 668 per share, with a total value of £1,315.96. Also, insider Albert Hitchcock purchased 514 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of GBX 668 per share, with a total value of £3,433.52. In the last 90 days, insiders have bought 6,761 shares of company stock worth $4,066,780. 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.