NatWest Group’s (NWG) “Buy” Rating Reiterated at Jefferies Financial Group

NatWest Group (LON:NWG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 770 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 11.24% from the company’s current price.

Several other brokerages also recently issued reports on NWG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a research note on Monday, August 3rd. Berenberg Bank increased their price target on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on shares of NatWest Group from GBX 780 to GBX 790 and gave the company an “overweight” rating in a report on Monday, August 3rd. Citigroup boosted their price objective on shares of NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 price objective on shares of NatWest Group in a research report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, NatWest Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 761.88.

NatWest Group Stock Up 1.4%

Shares of LON:NWG opened at GBX 692.20 on Wednesday. The company has a market cap of £55.10 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.46 and a beta of 0.81. The business has a 50 day moving average price of GBX 681.86 and a 200 day moving average price of GBX 622.08. NatWest Group has a twelve month low of GBX 290.23 and a twelve month high of GBX 726.

NatWest Group (LON:NWG) last issued its quarterly 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 21.17%. Analysts anticipate that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In other news, insider Geeta Gopalan acquired 487 shares of the stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average cost of GBX 668 per share, for a total transaction of £3,253.16. Also, insider Albert Hitchcock bought 514 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of GBX 668 per share, with a total value of £3,433.52. Insiders have acquired 2,747 shares of company stock worth $1,834,996 in the last three months. 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.