NatWest Group's (NWG) "Buy" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on NatWest Group and set a GBX 770 price target, implying 11.24% potential upside from the current price.
• Analyst sentiment remains positive, with five Buy ratings and three Holds; the consensus rating is “Moderate Buy” and the average price target is GBX 761.88.
• NatWest shares rose 1.4% to GBX 692.20, while recent quarterly results showed EPS of GBX 38.10, a 16.16% return on equity, and a 21.17% net margin.

NatWest Group (LON:NWG - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 770 target price on the stock. Jefferies Financial Group's price target would indicate a potential upside of 11.24% from the company's current price.

NWG has been the topic of several other reports. Berenberg Bank upped their target price on NatWest Group from GBX 860 to GBX 880 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Citigroup boosted their price target on NatWest Group from GBX 820 to GBX 840 and gave the company a "buy" rating in a research note on Monday, August 3rd. 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 840 price objective on shares of NatWest Group in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of NatWest Group from GBX 780 to GBX 790 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NatWest Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 761.88.

NatWest Group Stock Up 1.4%

Shares of LON:NWG opened at GBX 692.20 on Wednesday. NatWest Group has a 12-month low of GBX 290.23 and a 12-month high of GBX 726. The firm has a market capitalization of £55.10 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. The firm has a fifty day moving average of GBX 681.86 and a two-hundred day moving average of GBX 622.08.

NatWest Group (LON:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. Equities research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Albert Hitchcock purchased 514 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were bought at an average price of GBX 668 per share, with a total value of £3,433.52. Also, insider Stuart Lewis acquired 497 shares of NatWest Group stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 668 per share, with a total value of £3,319.96. Over the last ninety days, insiders have purchased 2,747 shares of company stock valued at $1,834,996. 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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