NatWest Group (LON:NWG) Shares Down 0.1% – Should You Sell?

NatWest Group plc (LON:NWG)’s stock price fell 0.1% during trading on Thursday . The stock traded as low as GBX 630 and last traded at GBX 636.76. Approximately 18,844,086 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 25,385,391 shares. The stock had previously closed at GBX 637.39.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NWG shares. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a report on Friday, May 1st. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group reduced their price target on NatWest Group from GBX 750 to GBX 730 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NatWest Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 727.14.

NatWest Group Stock Down 0.5%

The company has a 50-day moving average of GBX 594.23 and a 200 day moving average of GBX 609.13. The firm has a market capitalization of £50.79 billion, a PE ratio of 9.14, a PEG ratio of 0.46 and a beta of 0.82.

Insider Activity

In related news, insider Roisin Donnelly acquired 466 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of GBX 556 per share, for a total transaction of £2,590.96. Also, insider Geeta Gopalan bought 158 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average cost of GBX 556 per share, for a total transaction of £878.48. In the last quarter, insiders have purchased 4,014 shares of company stock worth $2,231,784. Company 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.