Jefferies Financial Group Raises NatWest Group (LON:NWG) Price Target to GBX 615

NatWest Group (LON:NWG) had its price objective increased by equities researchers at Jefferies Financial Group from GBX 530 to GBX 615 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 10.33% from the stock’s previous close.

NWG has been the topic of a number of other research reports. Citigroup lowered their target price on shares of NatWest Group from GBX 610 to GBX 595 and set a “buy” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of NatWest Group from GBX 600 to GBX 610 and gave the company an “overweight” rating in a research report on Monday, July 28th. Royal Bank Of Canada boosted their price target on shares of NatWest Group from GBX 475 to GBX 650 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Shore Capital restated a “hold” rating and set a GBX 495 price target on shares of NatWest Group in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price target on shares of NatWest Group in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group has an average rating of “Moderate Buy” and an average target price of GBX 594.17.

NatWest Group Price Performance

Shares of NWG stock opened at GBX 557.40 on Tuesday. The company’s fifty day simple moving average is GBX 515.12 and its two-hundred day simple moving average is GBX 487.18. NatWest Group has a 1 year low of GBX 325.70 and a 1 year high of GBX 565.42. The stock has a market capitalization of £44.62 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last issued its earnings results on Friday, July 25th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Equities research analysts anticipate that NatWest Group will post 45.9724712 EPS for the current year.

Insider Buying and Selling

In related news, insider Geeta Gopalan bought 620 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was bought at an average cost of GBX 501 per share, for a total transaction of £3,106.20. Also, insider Stuart Lewis bought 636 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was bought at an average price of GBX 501 per share, with a total value of £3,186.36. Insiders bought 5,552 shares of company stock valued at $2,781,552 in the last three months. 16.15% of the stock is owned by corporate insiders.

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.