NatWest Group (LON:NWG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

NatWest Group (LON:NWG) had its price objective lifted by JPMorgan Chase & Co. from GBX 780 to GBX 790 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.24% from the stock’s previous close.

A number of other research analysts also recently issued reports on NWG. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a research report on Tuesday, May 5th. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a research note on Tuesday, May 5th. Berenberg Bank boosted their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 730 price target on shares of NatWest Group in a research report on Friday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NatWest Group currently has an average rating of “Moderate Buy” and an average price target of GBX 756.88.

NatWest Group Price Performance

Shares of NWG opened at GBX 723.20 on Monday. NatWest Group has a 1 year low of GBX 500.20 and a 1 year high of GBX 725. The company has a market capitalization of £57.56 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. The business has a 50-day moving average of GBX 642.69 and a 200-day moving average of GBX 615.19.

NatWest Group (LON:NWG) last announced its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 20.89%. As a group, sell-side analysts anticipate that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity

In other news, insider Albert Hitchcock bought 514 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, for a total transaction of £3,433.52. Also, insider Stuart Lewis bought 497 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 668 per share, with a total value of £3,319.96. In the last ninety days, insiders have acquired 6,761 shares of company stock valued at $4,066,780. 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.