NatWest Group (LON:NWG) Price Target Cut to GBX 595 by Analysts 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 - Free Report) had its price target reduced by Citigroup from GBX 610 ($8.11) to GBX 595 ($7.91) in a report published on Friday morning, MarketBeat reports. Citigroup currently has a buy rating on the stock.

NWG has been the topic of several other reports. Shore Capital restated a "hold" rating and set a GBX 495 ($6.58) price target on shares of NatWest Group in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of NatWest Group from GBX 600 ($7.97) to GBX 610 ($8.11) and gave the company an "overweight" rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 600 ($7.97) price target on shares of NatWest Group in a research report on Monday, July 28th. Finally, Royal Bank Of Canada raised their price objective on shares of NatWest Group from GBX 475 ($6.31) to GBX 650 ($8.64) and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 560.83 ($7.45).

NatWest Group Price Performance

LON:NWG traded down GBX 5 ($0.07) on Friday, hitting GBX 522.80 ($6.95). 11,424,938 shares of the company's stock were exchanged, compared to its average volume of 35,715,488. The firm has a 50-day moving average price of GBX 509.35 and a 200-day moving average price of GBX 475.25. NatWest Group has a 52 week low of GBX 320.30 ($4.26) and a 52 week high of GBX 537.20 ($7.14). The company has a market cap of £41.85 billion, a P/E ratio of 9.39, 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 ($0.41) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Lena Wilson acquired 236 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was acquired at an average cost of GBX 501 ($6.66) per share, with a total value of £1,182.36 ($1,571.45). Also, insider Geeta Gopalan purchased 620 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were bought at an average cost of GBX 501 ($6.66) per share, with a total value of £3,106.20 ($4,128.39). Over the last three months, insiders bought 5,552 shares of company stock valued at $2,781,552. 16.15% of the stock is owned by company insiders.

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.