NatWest Group (LON:NWG) Price Target Raised to GBX 860 at Citigroup

Key Points

• Citigroup raised NatWest Group’s price target from GBX 840 to GBX 860 and maintained a “buy” rating, implying 23.63% potential upside from the current price.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating, though the consensus target of GBX 769.38 is below Citigroup’s forecast.
• NatWest shares opened at GBX 695.60, while recent results showed quarterly EPS of GBX 38.10, a 21.17% net margin, and a 16.16% return on equity; insiders have also bought shares in recent months.

NatWest Group (LON:NWG - Get Free Report) had its target price increased by Citigroup from GBX 840 to GBX 860 in a research report issued on Wednesday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 23.63% from the company's current price.

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

NatWest Group Trading Up 0.1%

Shares of LON NWG opened at GBX 695.60 on Wednesday. The company 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 has a 12 month low of GBX 504.41 and a 12 month high of GBX 726. The stock has a 50-day moving average price of GBX 691.35 and a two-hundred day moving average price of GBX 631.47.

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

Insiders Place Their Bets

In other news, insider Geeta Gopalan purchased 487 shares of the stock in a transaction on Wednesday, July 1st. The stock was purchased at an average price of GBX 668 per share, for a total transaction of £3,253.16. Also, insider Gill Whitehead purchased 485 shares of the stock in a transaction on Wednesday, July 1st. The shares were purchased at an average price of GBX 668 per share, with a total value of £3,239.80. Insiders purchased a total of 2,747 shares of company stock valued at $1,834,996 over the last three months. 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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