Citigroup Raises NatWest Group (LON:NWG) Price Target to GBX 840

NatWest Group (LON:NWG) had its target price hoisted by equities research analysts at Citigroup from GBX 820 to GBX 840 in a report released on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 16.15% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Shore Capital Group raised shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 780 to GBX 790 and gave the stock an “overweight” rating in a research note on Monday. Berenberg Bank lifted their price objective on NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 756.88.

NatWest Group Trading Up 2.5%

NWG stock opened at GBX 723.20 on Monday. NatWest Group has a 1-year low of GBX 500.20 and a 1-year high of GBX 725. The business’s 50 day simple moving average is GBX 642.69 and its 200 day simple moving average is GBX 615.19. The firm has a market capitalization of £57.56 billion, a PE ratio of 10.36, a PEG ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG) last issued its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 20.89%. As a group, sell-side analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Stuart Lewis acquired 497 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of GBX 668 per share, with a total value of £3,319.96. Also, insider Roisin Donnelly acquired 194 shares of the stock in a transaction on Wednesday, July 1st. The shares were purchased at an average price of GBX 668 per share, with a total value of £1,295.92. Insiders have purchased a total of 6,761 shares of company stock worth $4,066,780 in the last 90 days. Corporate insiders own 0.21% 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.