NatWest Group (LON:NWG) Coverage Initiated at Peel Hunt

Peel Hunt started coverage on shares of NatWest Group (LON:NWG) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a GBX 330 ($4.11) target price on the stock.

NWG has been the subject of several other reports. JPMorgan Chase & Co. lifted their price target on shares of NatWest Group from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the company an overweight rating in a research note on Tuesday, April 9th. Shore Capital reaffirmed a buy rating on shares of NatWest Group in a research note on Thursday, February 29th. Keefe, Bruyette & Woods downgraded shares of NatWest Group to an underperform rating and set a GBX 230 ($2.86) price target for the company. in a research note on Monday, February 12th. Finally, Berenberg Bank boosted their target price on shares of NatWest Group from GBX 300 ($3.73) to GBX 325 ($4.05) and gave the stock a buy rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of GBX 313.89 ($3.91).

NatWest Group Trading Up 0.5 %

NWG opened at GBX 276.70 ($3.44) on Friday. NatWest Group has a 1-year low of GBX 168 ($2.09) and a 1-year high of GBX 281 ($3.50). The company has a market cap of £24.18 billion, a P/E ratio of 564.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.34. The company has a fifty day moving average price of GBX 251.12 and a two-hundred day moving average price of GBX 226.08.

NatWest Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 14th will be given a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date is Thursday, March 14th. This is an increase from NatWest Group’s previous dividend of $5.50. This represents a dividend yield of 5.37%. NatWest Group’s payout ratio is presently 3,469.39%.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.