NatWest Group (LON:NWG) Downgraded to Hold at Shore Capital

NatWest Group (LON:NWG - Get Free Report) was downgraded by equities researchers at Shore Capital to a "hold" rating in a research note issued on Monday, Marketbeat Ratings reports.

A number of other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of NatWest Group to an "underperform" rating and set a GBX 230 ($2.92) price target for the company. in a report on Monday, February 12th. JPMorgan Chase & Co. increased their target price on shares of NatWest Group from GBX 270 ($3.43) to GBX 290 ($3.69) and gave the stock an "overweight" rating in a report on Tuesday, April 9th. Berenberg Bank lifted their price objective on shares of NatWest Group from GBX 300 ($3.81) to GBX 325 ($4.13) and gave the stock a "buy" rating in a research report on Friday, February 16th. Finally, Peel Hunt initiated coverage on shares of NatWest Group in a report on Friday, April 19th. They issued a "buy" rating and a GBX 330 ($4.19) target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 309.38 ($3.93).

NatWest Group Stock Down 1.2 %

Shares of LON NWG traded down GBX 4 ($0.05) during midday trading on Monday, reaching GBX 317 ($4.03). The company had a trading volume of 30,674,431 shares, compared to its average volume of 27,245,127. NatWest Group has a one year low of GBX 168 ($2.14) and a one year high of GBX 329.80 ($4.19). The stock has a market cap of £27.67 billion, a PE ratio of 677.66, a price-to-earnings-growth ratio of 0.46 and a beta of 1.31. The firm's fifty day moving average price is GBX 281.32 and its 200-day moving average price is GBX 239.46.

Insider Buying and Selling at NatWest Group

In other news, insider Mark Seligman bought 159 shares of NatWest Group stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of GBX 303 ($3.85) per share, with a total value of £481.77 ($612.32). Corporate insiders own 27.08% of the company's stock.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.