NatWest Group (LON:NWG) Posts Earnings Results

NatWest Group (LON:NWG) released its quarterly earnings results on Friday. The company reported GBX 38.10 earnings per share for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 20.12% and a return on equity of 14.97%.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at GBX 705.80 on Friday. The stock has a market capitalization of £56.18 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. NatWest Group has a 52-week low of GBX 500.20 and a 52-week high of GBX 722.60. The company has a 50-day simple moving average of GBX 642.69 and a two-hundred day simple moving average of GBX 615.37.

Analysts Set New Price Targets

Several brokerages have commented on NWG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Tuesday, May 5th. Shore Capital Group raised NatWest Group to a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a research report on Monday, April 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 860 price target on shares of NatWest Group in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 730 price target on shares of NatWest Group in a research note on Friday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 743.75.

Insider Transactions at NatWest Group

In other news, insider Albert Hitchcock purchased 514 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average price of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Richard Haythornthwait purchased 1,775 shares of NatWest Group stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average cost of GBX 556 per share, with a total value of £9,869. In the last quarter, insiders have purchased 6,761 shares of company stock valued at $4,066,780. 0.21% of the stock is currently owned by 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.