NatWest Group (LON:NWG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has raised the price target for NatWest Group from GBX 530 to GBX 615, indicating a potential upside of 10.33% based on the stock's previous close.
• NatWest Group has received various ratings from equity analysts, with four analysts recommending a Buy rating and an average price target of GBX 594.17.
• Insider transactions reveal mixed activities, with one insider selling over 26,000 shares, while another purchased a smaller quantity, demonstrating varying confidence in the stock among company insiders.

NatWest Group (LON:NWG - Free Report) had its target price upped by Jefferies Financial Group from GBX 530 to GBX 615 in a report released on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

NWG has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 600 to GBX 610 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Shore Capital reiterated a "hold" rating and issued a GBX 495 price target on shares of NatWest Group in a research note on Friday, July 25th. Royal Bank Of Canada increased their price target on NatWest Group from GBX 475 to GBX 650 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Citigroup cut their price target on NatWest Group from GBX 610 to GBX 595 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 600 price target on shares of NatWest Group in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 594.17.

NatWest Group Price Performance

Shares of LON:NWG traded down GBX 7.80 during midday trading on Tuesday, hitting GBX 536.60. The company had a trading volume of 17,325,941 shares, compared to its average volume of 34,398,324. The company has a market cap of £42.95 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 12-month low of GBX 325.70 and a 12-month high of GBX 565.42. The company has a fifty day moving average of GBX 516.87 and a two-hundred day moving average of GBX 488.73.

NatWest Group (LON:NWG - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported GBX 30.90 EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Geeta Gopalan purchased 620 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of GBX 501 per share, with a total value of £3,106.20. Also, insider Katie Murray sold 18,055 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of GBX 516, for a total transaction of £93,163.80. Insiders have purchased 5,552 shares of company stock worth $2,781,552 in the last quarter. Company insiders own 16.15% 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.