NatWest Group (LON:NWG) Hits New 12-Month High – Time to Buy?

NatWest Group plc (LON:NWG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 646.40 and last traded at GBX 637.80, with a volume of 21119445 shares trading hands. The stock had previously closed at GBX 633.60.

Analysts Set New Price Targets

NWG has been the topic of several research reports. Royal Bank Of Canada boosted their price target on NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. Shore Capital boosted their price objective on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group lifted their target price on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Citigroup lifted their price objective on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 730 price target on shares of NatWest Group in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 666.67.

NatWest Group Stock Performance

The firm has a market capitalization of £51.03 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The business has a 50 day simple moving average of GBX 590.31 and a two-hundred day simple moving average of GBX 544.18.

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

Insider Buying and Selling

In related news, insider Roisin Donnelly bought 591 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were acquired at an average cost of GBX 525 per share, with a total value of £3,102.75. Also, insider Richard Haythornthwait bought 2,268 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was bought at an average cost of GBX 525 per share, for a total transaction of £11,907. Insiders have bought a total of 5,383 shares of company stock worth $2,826,075 over the last three months. Corporate insiders own 0.19% 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.