NatWest Group (LON:NWG) Hits New 12-Month High – Here’s What Happened

NatWest Group plc (LON:NWG) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 606.40 and last traded at GBX 602.20, with a volume of 674965375 shares traded. The stock had previously closed at GBX 588.40.

Analyst Upgrades and Downgrades

NWG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price objective on shares of NatWest Group in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Citigroup upped their price target on shares of NatWest Group from GBX 640 to GBX 690 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Shore Capital increased their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group boosted their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 649.17.

NatWest Group Stock Performance

The stock has a 50-day moving average of GBX 541.14 and a 200 day moving average of GBX 521.37. The firm has a market capitalization of £47.99 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last announced its earnings results on Friday, October 24th. The company reported GBX 19.80 earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, equities analysts predict that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Activity

In other news, insider Roisin Donnelly acquired 591 shares of the stock in a transaction dated Wednesday, October 1st. The shares were bought at an average cost of GBX 525 per share, for a total transaction of £3,102.75. Also, insider Richard Haythornthwait purchased 2,268 shares of the stock in a transaction on Wednesday, October 1st. The shares were acquired at an average cost of GBX 525 per share, for a total transaction of £11,907. In the last three months, insiders purchased 6,541 shares of company stock valued at $3,439,815. 0.19% of the stock is owned by corporate insiders.

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.