NatWest Group (LON:NWG) Price Target Raised to GBX 730

NatWest Group (LON:NWG) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from GBX 660 to GBX 730 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 11.78% from the company’s current price.

NWG has been the subject of a number of other reports. Citigroup lifted their price target on shares of NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research report on Monday, December 1st. Shore Capital upped their target price on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised their price target on NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. Barclays reiterated an “equal weight” rating and set a GBX 700 price objective on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 730 to GBX 750 and gave the company an “overweight” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 692.86.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at GBX 653.06 on Friday. The firm has a 50-day moving average of GBX 630.84 and a 200-day moving average of GBX 569.05. The stock has a market cap of £52.20 billion, a PE ratio of 10.00, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 52-week low of GBX 380.60 and a 52-week high of GBX 674.20.

NatWest Group (LON:NWG) last released its quarterly earnings results 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%. Equities research analysts predict that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gill Whitehead bought 500 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 660 per share, with a total value of £3,300. Also, insider Roisin Donnelly purchased 470 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average cost of GBX 660 per share, for a total transaction of £3,102. Insiders acquired a total of 4,281 shares of company stock valued at $2,825,460 over the last ninety days. 0.19% of the stock is 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.