NatWest Group’s (NWG) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of NatWest Group (LON:NWG) in a research report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 730 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Shore Capital lifted their price objective on shares of NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Citigroup raised their target price on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group lifted their price target on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada increased their price objective on NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group has an average rating of “Moderate Buy” and an average price target of GBX 666.67.

NatWest Group Stock Performance

LON NWG opened at GBX 625.80 on Tuesday. NatWest Group has a one year low of GBX 369 and a one year high of GBX 641.40. The company has a market capitalization of £50.15 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company’s 50-day simple moving average is GBX 575.81 and its two-hundred day simple moving average is GBX 538.19.

NatWest Group (LON:NWG) last posted its earnings results on Friday, October 24th. The company reported GBX 19.80 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Equities analysts expect that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Stuart Lewis bought 607 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were bought at an average cost of GBX 525 per share, for a total transaction of £3,186.75. Also, insider Patrick Flynn bought 243 shares of the company’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 £1,275.75. Insiders acquired a total of 6,541 shares of company stock worth $3,439,815 in the last quarter. 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.