NatWest Group plc (LON:NWG) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• NatWest Group has a “Moderate Buy” consensus rating from eight covering brokerages, split evenly between buy and hold recommendations. The average 12-month price target is GBX 769.38, above the reported opening price of GBX 623.34.
• Several analysts recently raised their price targets, including Berenberg to GBX 880, JPMorgan to GBX 830, and Citigroup to GBX 860; Deutsche Bank and Jefferies maintained buy ratings.
• NatWest reported quarterly earnings of GBX 38.10 per share, with a 16.16% return on equity and 21.17% net margin. An insider also bought 196 shares, while another insider sold 260,000 shares.

NatWest Group plc (LON:NWG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 769.38.

A number of brokerages have recently issued reports on NWG. Berenberg Bank boosted their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a "buy" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 790 to GBX 830 and gave the company a "neutral" rating in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 840 price target on shares of NatWest Group in a research report on Monday, August 3rd. Citigroup lifted their price objective on shares of NatWest Group from GBX 840 to GBX 860 and gave the stock a "buy" rating in a research note on Wednesday, September 23rd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 770 price objective on shares of NatWest Group in a report on Wednesday, September 2nd.

Insider Buying and Selling at NatWest Group

In other NatWest Group news, insider Patrick Flynn purchased 196 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of GBX 670 per share, for a total transaction of £1,313.20. Also, insider Paul Thwaite sold 260,000 shares of the business'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 £1,794,000. Insiders purchased a total of 396 shares of company stock valued at $261,386 over the last ninety days. Company insiders own 0.21% of the company's stock.

NatWest Group Price Performance

NWG opened at GBX 623.34 on Friday. The business has a fifty day simple moving average of GBX 678.66 and a 200 day simple moving average of GBX 647.29. The company has a market capitalization of £49.39 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. NatWest Group has a 1 year low of GBX 504.41 and a 1 year high of GBX 788.20.

NatWest Group (LON:NWG - Get Free Report) last posted 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%. Equities analysts anticipate that NatWest Group will post 45.97 earnings per share for the current fiscal year.

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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