NatWest Group (LON:NWG) Posts Quarterly Earnings Results

NatWest Group (LON:NWG) announced its quarterly earnings data on Friday. The company reported GBX 52.50 ($0.66) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%.

NatWest Group Stock Down 2.0 %

NWG traded down GBX 8.90 ($0.11) during trading on Friday, hitting GBX 428.10 ($5.38). 27,254,506 shares of the stock were exchanged, compared to its average volume of 23,686,438. The firm has a market capitalization of £34.27 billion, a P/E ratio of 7.69, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 1-year low of GBX 206.80 ($2.60) and a 1-year high of GBX 455.44 ($5.72). The stock has a fifty day moving average price of GBX 412.58 and a two-hundred day moving average price of GBX 376.89.

Insiders Place Their Bets

In other news, insider Katie Murray sold 533,746 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.93), for a total value of £2,092,284.32 ($2,629,488.90). Also, insider Stuart Lewis bought 774 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was bought at an average cost of GBX 397 ($4.99) per share, for a total transaction of £3,072.78 ($3,861.73). 16.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “top pick” rating on shares of NatWest Group in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of “Buy” and an average price target of GBX 381.25 ($4.79).

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.