JPMorgan Chase & Co. Issues Positive Forecast for NatWest Group (LON:NWG) Stock Price

NatWest Group (LON:NWG) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from GBX 790 to GBX 830 in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.25% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a report on Monday, August 3rd. Citigroup increased their target price on shares of NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 770 price target on shares of NatWest Group in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research report on Monday, August 3rd. Finally, Berenberg Bank boosted their price objective on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 766.88.

NatWest Group Stock Performance

NWG opened at GBX 690.20 on Tuesday. The company has a market cap of £54.80 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.46 and a beta of 0.81. NatWest Group has a one year low of GBX 504 and a one year high of GBX 726. The business’s fifty day moving average is GBX 686.29 and its two-hundred day moving average is GBX 627.38.

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 21.17%. On average, analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insiders Place Their Bets

In other NatWest Group news, insider Albert Hitchcock purchased 514 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was bought at an average price of GBX 668 per share, with a total value of £3,433.52. Also, insider Paul Thwaite sold 260,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total transaction of £1,794,000. In the last three months, insiders acquired 2,747 shares of company stock worth $1,834,996. 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.