NatWest Group (LON:NWG) Reaches New 1-Year High – Here’s Why

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 606.40 and last traded at GBX 602.20, with a volume of 674965375 shares trading hands. The stock had previously closed at GBX 588.40.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NWG shares. Shore Capital raised their target price on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised their price objective on shares of NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. Jefferies Financial Group lifted their price objective on shares of NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Citigroup raised their price target on shares of NatWest Group from GBX 640 to GBX 690 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 600 price target on shares of NatWest Group in a report on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 649.17.

NatWest Group Stock Up 2.5%

The firm has a 50-day simple moving average of GBX 538.09 and a 200-day simple moving average of GBX 519.84. The stock has a market cap of £48.32 billion, a PE ratio of 9.23, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last released its quarterly earnings data on Friday, October 24th. The company reported GBX 19.80 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, research analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gill Whitehead purchased 629 shares of NatWest Group stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average cost of GBX 525 per share, for a total transaction of £3,302.25. Also, insider Stuart Lewis purchased 607 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average cost of GBX 525 per share, for a total transaction of £3,186.75. Insiders purchased 6,541 shares of company stock valued at $3,439,815 in the last three months. Insiders own 0.19% of the company’s stock.

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.