NatWest Group (LON:NWG) Hits New 52-Week High – Still a Buy?

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high on Wednesday . The stock traded as high as GBX 626.60 and last traded at GBX 621.80, with a volume of 274582906 shares. The stock had previously closed at GBX 604.80.

Analyst Upgrades and Downgrades

NWG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Royal Bank Of Canada raised their target price on shares of NatWest Group from GBX 650 to GBX 725 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. Citigroup boosted 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. Shore Capital raised their price objective on NatWest Group from GBX 500 to GBX 550 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group boosted their target price on NatWest Group from GBX 615 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 649.17.

NatWest Group Stock Performance

The business’s fifty day moving average price is GBX 560.09 and its two-hundred day moving average price is GBX 532.16. The stock has a market capitalization of £49.56 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last released its quarterly earnings results on Friday, October 24th. The company reported GBX 19.80 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, analysts forecast that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insider Activity at NatWest Group

In other news, insider Roisin Donnelly bought 591 shares of NatWest Group stock in a transaction dated Wednesday, October 1st. The shares were acquired at an average price of GBX 525 per share, with a total value of £3,102.75. Also, insider Gill Whitehead bought 629 shares of the stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average price of GBX 525 per share, with a total value of £3,302.25. Insiders have bought a total of 6,541 shares of company stock worth $3,439,815 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

NatWest Group Company Profile

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.