NatWest Group (LON:NWG) Price Target Raised to GBX 840

NatWest Group (LON:NWG) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 730 to GBX 840 in a research report released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on NWG. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a report on Monday, February 9th. Citigroup raised their target price on NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research report on Monday, December 1st. Barclays reaffirmed an “equal weight” rating and issued a GBX 700 price target on shares of NatWest Group in a research note on Wednesday, January 7th. Shore Capital Group reiterated a “hold” rating on shares of NatWest Group in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 730 to GBX 750 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 708.57.

NatWest Group Trading Up 0.8%

Shares of LON NWG opened at GBX 539.40 on Friday. NatWest Group has a 12-month low of GBX 380.60 and a 12-month high of GBX 705.40. The stock has a market capitalization of £42.98 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.46 and a beta of 0.79. The stock’s fifty day simple moving average is GBX 609.32 and its two-hundred day simple moving average is GBX 597.27.

NatWest Group (LON:NWG) last issued its quarterly earnings results on Friday, February 13th. The company reported GBX 68 EPS for the quarter. NatWest Group had a net margin of 22.26% and a return on equity of 14.33%. On average, equities analysts predict that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other news, insider Gill Whitehead purchased 500 shares of NatWest Group stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 660 per share, with a total value of £3,300. Also, insider Roisin Donnelly acquired 470 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of GBX 660 per share, for a total transaction of £3,102. Over the last three months, insiders have acquired 4,281 shares of company stock worth $2,825,460. Insiders own 0.20% 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.