NatWest Group (LON:NWG) Price Target Raised to GBX 765 at Citigroup

NatWest Group (LON:NWG) had its price target raised by investment analysts at Citigroup from GBX 690 to GBX 765 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 19.49% from the stock’s current price.

Several other analysts have also recently commented on the company. Jefferies Financial Group lifted their price target on NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada raised their target price on shares of NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. Shore Capital boosted their target price on shares of NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 661.67.

NatWest Group Trading Up 1.3%

Shares of NatWest Group stock traded up GBX 8.40 during trading hours on Monday, reaching GBX 640.20. 74,326,727 shares of the company’s stock were exchanged, compared to its average volume of 30,854,311. NatWest Group has a 52-week low of GBX 369 and a 52-week high of GBX 640.20. The firm has a market capitalization of £51.30 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company has a fifty day moving average of GBX 568.79 and a 200-day moving average of GBX 536.01.

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

Insiders Place Their Bets

In other NatWest Group news, insider Richard Haythornthwait purchased 2,268 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of GBX 525 per share, for a total transaction of £11,907. Also, insider Roisin Donnelly purchased 591 shares of NatWest Group stock in a transaction on Wednesday, October 1st. The shares were acquired at an average cost of GBX 525 per share, for a total transaction of £3,102.75. Over the last ninety days, insiders acquired 6,541 shares of company stock worth $3,439,815. 0.19% of the stock is owned by insiders.

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.