Jefferies Financial Group Reaffirms "Buy" Rating for NatWest Group (LON:NWG)

Key Points

• Jefferies reaffirmed its “Buy” rating on NatWest Group and set a GBX 770 price target, implying approximately 33.29% upside from the reported share price.
• Analyst sentiment is moderately bullish, with four Buy and four Hold ratings and a consensus price target of GBX 800.71. Citigroup, Deutsche Bank and Berenberg also maintained or issued Buy ratings.
• NatWest shares fell to GBX 577.68 during Friday trading, while the bank reported quarterly EPS of GBX 20.10, revenue of GBX 450.40 billion and a 21.17% net margin.

NatWest Group (LON:NWG - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 770 target price on the stock. Jefferies Financial Group's price target would suggest a potential upside of 33.29% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price target on shares of NatWest Group from GBX 840 to GBX 860 and gave the company a "buy" rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their price objective on shares of NatWest Group from GBX 790 to GBX 830 and gave the stock a "neutral" rating in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Berenberg Bank increased their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 725 target price on shares of NatWest Group in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 800.71.

NatWest Group Stock Performance

NatWest Group stock traded down GBX 57.52 during mid-day trading on Friday, reaching GBX 577.68. The company's stock had a trading volume of 256,219,297 shares, compared to its average volume of 24,298,977. The company has a market capitalization of £45.77 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. The business's 50 day simple moving average is GBX 674.16 and its 200 day simple moving average is GBX 635.93. NatWest Group has a 12 month low of GBX 504.41 and a 12 month high of GBX 788.20.

NatWest Group (LON:NWG - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported GBX 20.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. The business had revenue of GBX 450.40 billion during the quarter. As a group, sell-side analysts expect that NatWest Group will post 45.97 EPS for the current year.

Insider Transactions at NatWest Group

In related news, insider Paul Thwaite sold 260,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total value of £1,794,000. Also, insider Katie Murray sold 111,000 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total value of £765,900. Insiders have bought a total of 396 shares of company stock valued at $261,386 over the last three months. 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.

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