NatWest Group (LON:NWG) Posts Quarterly Earnings Results

NatWest Group (LON:NWG) issued its earnings results on Friday. The company reported GBX 68 EPS for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%.

NatWest Group Stock Performance

Shares of LON NWG traded down GBX 14.80 during mid-day trading on Friday, hitting GBX 580.20. 82,005,445 shares of the stock traded hands, compared to its average volume of 24,745,215. The company has a market cap of £46.29 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.46 and a beta of 1.28. The stock has a fifty day moving average price of GBX 645.37 and a 200-day moving average price of GBX 585.56. NatWest Group has a 52 week low of GBX 380.60 and a 52 week high of GBX 705.40.

Insiders Place Their Bets

In other NatWest Group news, insider Geeta Gopalan bought 471 shares of NatWest Group stock in a transaction dated Friday, January 2nd. The shares were purchased at an average cost of GBX 660 per share, with a total value of £3,108.60. Also, insider Roisin Donnelly purchased 470 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average cost of GBX 660 per share, with a total value of £3,102. Insiders have purchased 4,281 shares of company stock valued at $2,825,460 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

NWG has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 price objective on shares of NatWest Group in a research note on Monday. Barclays restated an “equal weight” rating and set a GBX 700 price target on shares of NatWest Group in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 730 to GBX 750 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Shore Capital Group reissued a “hold” rating on shares of NatWest Group in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on NatWest Group from GBX 660 to GBX 730 and gave the company a “buy” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.86.

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.