NatWest Group plc (LON:NWG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NatWest Group plc (LON:NWG) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 756.88.

Several equities analysts recently weighed in on NWG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of NatWest Group from GBX 780 to GBX 790 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Shore Capital Group raised shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a report on Monday, August 3rd. Finally, Citigroup increased their price objective on shares of NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a research note on Monday, August 3rd.

NatWest Group Stock Performance

Shares of NWG stock opened at GBX 705.80 on Tuesday. The stock’s 50-day simple moving average is GBX 657.25 and its 200-day simple moving average is GBX 618.29. The firm has a market capitalization of £56.18 billion, a PE ratio of 9.46, a P/E/G ratio of 0.46 and a beta of 0.81. NatWest Group has a fifty-two week low of GBX 500.20 and a fifty-two week high of GBX 726.

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

Insider Buying and Selling

In related news, insider Stuart Lewis purchased 497 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average cost of GBX 668 per share, with a total value of £3,319.96. Also, insider Geeta Gopalan acquired 487 shares of NatWest Group stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 668 per share, with a total value of £3,253.16. Insiders bought 2,747 shares of company stock valued at $1,834,996 in the last 90 days. 0.21% of the stock is currently owned by insiders.

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.