NatWest Group (LON:NWG) Shares Down 0.1% – Time to Sell?

NatWest Group plc (LON:NWG)’s stock price was down 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 630 and last traded at GBX 636.76. Approximately 18,844,086 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 25,385,391 shares. The stock had previously closed at GBX 637.39.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their target price on NatWest Group from GBX 750 to GBX 730 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Shore Capital Group raised shares of NatWest Group to a “hold” rating in a research note on Friday, May 1st. 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 Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on shares of NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a research note on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 727.14.

NatWest Group Trading Down 0.1%

The stock has a 50 day moving average of GBX 593.70 and a 200-day moving average of GBX 608.93. The stock has a market capitalization of £50.71 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82.

Insiders Place Their Bets

In other NatWest Group news, insider Geeta Gopalan bought 158 shares of NatWest Group stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of GBX 556 per share, for a total transaction of £878.48. Also, insider Patrick Flynn bought 415 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of GBX 556 per share, with a total value of £2,307.40. Over the last 90 days, insiders have bought 4,014 shares of company stock valued at $2,231,784. Insiders own 0.21% 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.