NatWest Group (LON:NWG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised NatWest Group’s price target from GBX 790 to GBX 830 while maintaining a “neutral” rating, implying approximately 20.25% upside from the current price.
• Analyst sentiment is broadly positive, with four “buy” and four “hold” ratings; MarketBeat lists an overall “Moderate Buy” consensus and an average target of GBX 766.88.
• NatWest shares opened at GBX 690.20, with a market capitalization of about £54.8 billion and a reported quarterly EPS of GBX 38.10. Recent insider activity included a 260,000-share sale by Paul Thwaite and smaller purchases by other insiders.

NatWest Group (LON:NWG - Get Free Report) had its price target upped by JPMorgan Chase & Co. from GBX 790 to GBX 830 in a report released on Tuesday, Digital Look reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 20.25% from the company's current price.

NWG has been the topic of a number of other research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 770 target price on shares of NatWest Group in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 840 target price on shares of NatWest Group in a report on Monday, August 3rd. Berenberg Bank raised their price objective 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. Citigroup raised their price objective on shares of NatWest Group from GBX 820 to GBX 840 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 725 price objective 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 given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 766.88.

NatWest Group Stock Performance

LON NWG opened at GBX 690.20 on Tuesday. The business has a fifty day moving average price of GBX 686.29 and a 200 day moving average price of GBX 627.38. NatWest Group has a one year low of GBX 504 and a one year high of GBX 726. The company has a market cap of £54.80 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Thwaite sold 260,000 shares of the business's stock in a transaction that occurred 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 Albert Hitchcock purchased 514 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 668 per share, with a total value of £3,433.52. Over the last ninety days, insiders acquired 2,747 shares of company stock worth $1,834,996. Corporate insiders own 0.21% of the company's stock.

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.

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