NatWest Group plc (LON:NWG) Receives Average Recommendation of “Moderate Buy” from Brokerages

NatWest Group plc (LON:NWG) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 727.14.

NWG has been the topic of a number of recent analyst reports. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group dropped their price target on shares of NatWest Group from GBX 750 to GBX 730 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research report on Tuesday, May 5th.

NatWest Group Trading Down 1.4%

NWG stock opened at GBX 590.80 on Thursday. NatWest Group has a 52 week low of GBX 471 and a 52 week high of GBX 705.40. The company has a market capitalization of £47.04 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.46 and a beta of 0.83. The firm’s 50-day moving average is GBX 579.26 and its two-hundred day moving average is GBX 608.55.

Insiders Place Their Bets

In other NatWest Group news, insider Roisin Donnelly bought 466 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of GBX 556 per share, for a total transaction of £2,590.96. Also, insider Patrick Flynn bought 415 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average price of GBX 556 per share, for a total transaction of £2,307.40. Over the last three months, insiders purchased 4,014 shares of company stock worth $2,231,784. Company insiders own 0.20% of the company’s stock.

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.