NatWest Group (LON:NWG) Price Target Raised to GBX 630

NatWest Group (LON:NWG) had its price objective lifted by Jefferies Financial Group from GBX 615 to GBX 630 in a report published on Tuesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

NWG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 600 price target on shares of NatWest Group in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Shore Capital raised their price target on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank Of Canada raised their price target on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Citigroup lifted their price objective on NatWest Group from GBX 640 to GBX 690 and gave the stock a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 649.17.

NatWest Group Stock Up 0.3%

Shares of NWG stock opened at GBX 587 on Tuesday. NatWest Group has a fifty-two week low of GBX 365.10 and a fifty-two week high of GBX 589. The stock has a market cap of £47.14 billion, a P/E ratio of 9.85, a P/E/G ratio of 0.46 and a beta of 1.28. The business has a fifty day simple moving average of GBX 535.80 and a 200-day simple moving average of GBX 515.78.

NatWest Group (LON:NWG) last announced its quarterly 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, sell-side analysts anticipate that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Activity

In related news, insider Roisin Donnelly acquired 591 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average price of GBX 525 per share, for a total transaction of £3,102.75. Also, insider Patrick Flynn purchased 243 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was acquired at an average cost of GBX 525 per share, for a total transaction of £1,275.75. Insiders have bought a total of 6,541 shares of company stock worth $3,439,815 in the last quarter. 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.