NatWest Group (LON:NWG) Stock Price Expected to Rise, Citigroup Analyst Says

NatWest Group (LON:NWG) had its price target upped by stock analysts at Citigroup from GBX 840 to GBX 860 in a research note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 23.63% from the stock’s current price.

NWG has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on shares of NatWest Group from GBX 790 to GBX 830 and gave the stock a “neutral” rating in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a research report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a report on Monday, August 3rd. Berenberg Bank lifted their price target on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 770 price objective on shares of NatWest Group in a report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 769.38.

NatWest Group Price Performance

Shares of NatWest Group stock opened at GBX 695.60 on Wednesday. The stock’s 50-day moving average is GBX 691.35 and its 200 day moving average is GBX 631.47. NatWest Group has a one year low of GBX 504.41 and a one year high of GBX 726. The firm has a market cap of £55.23 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG) last issued its earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. On average, sell-side analysts expect that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Activity

In other NatWest Group news, insider Stuart Lewis bought 497 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was bought at an average cost of GBX 668 per share, with a total value of £3,319.96. Also, insider Katie Murray sold 111,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total transaction of £765,900. In the last 90 days, insiders have acquired 2,747 shares of company stock valued at $1,834,996. 0.21% of the stock is currently owned by 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.