NatWest Group (LON:NWG) Given New GBX 595 Price Target at Citigroup

Key Points

• Citigroup has lowered its target price for NatWest Group from GBX 610 to GBX 595, suggesting a potential upside of 14.42% from the previous close, while maintaining a "buy" rating on the stock.
• NatWest Group's stock is currently priced at GBX 520 and has shown a 1.3% decline in recent trading, with a 12-month high of GBX 537.20.
• Insider purchases have been reported, with executives acquiring a total of 5,552 shares worth approximately $2.78 million over the past three months, highlighting confidence in the company's future.

NatWest Group (LON:NWG - Get Free Report) had its target price reduced by investment analysts at Citigroup from GBX 610 ($8.06) to GBX 595 ($7.86) in a report issued on Friday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 14.42% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Shore Capital reissued a "hold" rating and set a GBX 495 ($6.54) target price on shares of NatWest Group in a research report on Friday, July 25th. Royal Bank Of Canada increased their target price on NatWest Group from GBX 475 ($6.27) to GBX 650 ($8.59) and gave the stock a "sector perform" rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on NatWest Group from GBX 600 ($7.93) to GBX 610 ($8.06) and gave the company an "overweight" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 ($7.93) target price on shares of NatWest Group in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 560.83 ($7.41).

NatWest Group Stock Down 1.3%

LON NWG opened at GBX 520 ($6.87) on Friday. NatWest Group has a 12-month low of GBX 309 ($4.08) and a 12-month high of GBX 537.20 ($7.10). The company has a market capitalization of £41.62 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm's 50 day moving average is GBX 509.49 and its 200-day moving average is GBX 472.64.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported GBX 30.90 ($0.41) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, sell-side analysts expect that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In related news, insider Geeta Gopalan purchased 620 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were acquired at an average cost of GBX 501 ($6.62) per share, for a total transaction of £3,106.20 ($4,103.30). Also, insider Roisin Donnelly bought 619 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 ($6.62) per share, for a total transaction of £3,101.19 ($4,096.68). Insiders bought a total of 5,552 shares of company stock worth $2,781,552 over the last three months. Corporate insiders own 16.15% of the company's stock.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.

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