NatWest Group (LON:NWG) Trading 0.5% Higher – Here’s Why

NatWest Group plc (LON:NWG) shares rose 0.5% during mid-day trading on Tuesday . The company traded as high as GBX 685.40 and last traded at GBX 682.80. Approximately 31,559,088 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 24,116,891 shares. The stock had previously closed at GBX 679.40.

Analyst Upgrades and Downgrades

NWG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 780 to GBX 790 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Citigroup upped their price objective on NatWest Group from GBX 820 to GBX 840 and gave the company a “buy” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 770 price target on shares of NatWest Group in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 761.88.

NatWest Group Stock Up 1.6%

The company has a market cap of £55.51 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.46 and a beta of 0.81. The firm has a 50 day moving average price of GBX 682.65 and a two-hundred day moving average price of GBX 622.61.

NatWest Group (LON:NWG) last posted its quarterly earnings data 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%. On average, equities analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insider Transactions at NatWest Group

In other news, insider Albert Hitchcock acquired 514 shares of the firm’s 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 Gill Whitehead acquired 485 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average price of GBX 668 per share, with a total value of £3,239.80. In the last ninety days, insiders have acquired 2,747 shares of company stock worth $1,834,996. Company 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.