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

NatWest Group (LON:NWG) had its price objective hoisted by Citigroup from GBX 690 to GBX 765 in a research report released on Monday morning, Marketbeat.com reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada lifted 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 note on Tuesday, October 28th. Jefferies Financial Group boosted their target price on shares of NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Shore Capital raised their price target on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a report on Tuesday, October 28th. Four 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 company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 666.67.

NatWest Group Stock Down 2.8%

NWG stock opened at GBX 622 on Monday. NatWest Group has a 52 week low of GBX 369 and a 52 week high of GBX 641.40. The firm has a 50-day simple moving average of GBX 573.40 and a 200-day simple moving average of GBX 537.58. The stock has a market capitalization of £49.85 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted 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, analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In other NatWest Group news, insider Stuart Lewis purchased 607 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was bought at an average price of GBX 525 per share, with a total value of £3,186.75. Also, insider Gill Whitehead bought 629 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average price of GBX 525 per share, with a total value of £3,302.25. In the last quarter, insiders have bought 6,541 shares of company stock valued at $3,439,815. 0.19% of the stock is owned by company 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.