JPMorgan Chase & Co. Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWGGet Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from GBX 510 ($6.59) to GBX 550 ($7.11) in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “top pick” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.53% from the stock’s current price.

Separately, Citigroup increased their target price on shares of NatWest Group from GBX 580 ($7.49) to GBX 615 ($7.95) and gave the company a “buy” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 477.50 ($6.17).

Check Out Our Latest Stock Report on NWG

NatWest Group Stock Performance

Shares of LON:NWG traded up GBX 1.30 ($0.02) on Tuesday, hitting GBX 464 ($6.00). 2,147,000,000 shares of the company’s stock were exchanged, compared to its average volume of 80,016,672. NatWest Group has a 1-year low of GBX 258.70 ($3.34) and a 1-year high of GBX 485.51 ($6.27). The company has a market capitalization of £37.14 billion, a PE ratio of 8.33, a P/E/G ratio of 0.46 and a beta of 1.28. The firm’s 50-day moving average is GBX 441.05 and its 200 day moving average is GBX 398.26.

NatWest Group (LON:NWGGet Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, analysts anticipate that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Activity at NatWest Group

In related news, insider Stuart Lewis purchased 774 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average price of GBX 397 ($5.13) per share, for a total transaction of £3,072.78 ($3,970.51). 16.15% of the stock is owned by insiders.

About NatWest Group

(Get Free Report)

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

Further Reading

Analyst Recommendations for NatWest Group (LON:NWG)

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