NatWest Group (LON:NWG) Price Target Raised to GBX 550

NatWest Group (LON:NWG) had its price target raised by JPMorgan Chase & Co. from GBX 510 ($6.60) to GBX 550 ($7.12) in a report published on Tuesday, Marketbeat.com reports. The firm currently has a top pick rating on the stock.

Separately, Citigroup raised their price objective on shares of NatWest Group from GBX 580 ($7.51) to GBX 615 ($7.96) and gave the stock a “buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 477.50 ($6.18).

NatWest Group Price Performance

NWG stock opened at GBX 466.10 ($6.03) on Tuesday. The company has a market capitalization of £37.31 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a 12 month low of GBX 263.70 ($3.41) and a 12 month high of GBX 485.51 ($6.29). The firm’s fifty day simple moving average is GBX 444.95 and its 200-day simple moving average is GBX 400.55.

NatWest Group (LON:NWG) last posted its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, 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 774 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average price of GBX 397 ($5.14) per share, with a total value of £3,072.78 ($3,978.22). 16.15% of the stock is currently owned by insiders.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.