JPMorgan Chase & Co. Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

Key Points

• JPMorgan Chase & Co. has increased its price target for NatWest Group from GBX 610 to GBX 700, indicating a potential upside of 35.29% based on the current stock price.
• NatWest received several positive endorsements from brokerages, with reports of target price increases from Jefferies Financial Group and Royal Bank Of Canada, as well as a mix of "buy" and "hold" ratings from various analysts.
• The stock currently trades at GBX 517.40 and has a market cap of £41.67 billion, with earnings per share of GBX 30.90 reported in the last quarterly results.

NatWest Group (LON:NWG - Get Free Report) had its price objective hoisted by analysts at JPMorgan Chase & Co. from GBX 610 to GBX 700 in a report issued on Tuesday,Digital Look reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 35.29% from the company's current price.

Several other brokerages also recently commented on NWG. Jefferies Financial Group raised their target price on shares of NatWest Group from GBX 530 to GBX 615 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Royal Bank Of Canada increased their price objective on NatWest Group from GBX 475 to GBX 650 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Citigroup decreased their price objective on NatWest Group from GBX 610 to GBX 595 and set a "buy" rating for the company in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 600 price objective on shares of NatWest Group in a report on Monday, July 28th. Finally, Shore Capital reiterated a "hold" rating and set a GBX 495 price objective on shares of NatWest Group in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 613.33.

NatWest Group Trading Up 1.1%

Shares of NWG opened at GBX 517.40 on Tuesday. NatWest Group has a 1 year low of GBX 325.70 and a 1 year high of GBX 565.42. The stock's 50-day moving average price is GBX 517.80 and its two-hundred day moving average price is GBX 492.75. The stock has a market cap of £41.67 billion, a P/E ratio of 868.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

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

Insider Buying and Selling at NatWest Group

In related news, insider Geeta Gopalan bought 620 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were acquired at an average price of GBX 501 per share, for a total transaction of £3,106.20. Also, insider Katie Murray sold 18,055 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total value of £93,163.80. Insiders have purchased a total of 5,552 shares of company stock valued at $2,781,552 in the last ninety days. Insiders own 0.19% 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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