NatWest Group (LON:NWG) Given New GBX 610 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased its target price for NatWest Group from GBX 600 to GBX 610, suggesting an 18.56% potential upside.
• NatWest Group shares are currently trading at GBX 514.52, down 0.9%, with a 52-week range between GBX 309 and GBX 537.20.
• Insiders have purchased a total of 5,552 shares over the last 90 days, indicating continued confidence in the company.

NatWest Group (LON:NWG - Get Free Report) had its target price increased by stock analysts at JPMorgan Chase & Co. from GBX 600 ($8.06) to GBX 610 ($8.20) in a report released on Monday,London Stock Exchange reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 18.56% from the stock's current price.

Separately, Shore Capital restated a "hold" rating and set a GBX 495 ($6.65) target price on shares of NatWest Group in a report on Friday.

NatWest Group Stock Down 0.9%

Shares of NWG opened at GBX 514.52 ($6.91) on Monday. NatWest Group has a 52-week low of GBX 309 ($4.15) and a 52-week high of GBX 537.20 ($7.22). The stock has a market cap of £41.19 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm's fifty day moving average is GBX 508.97 and its two-hundred day moving average is GBX 469.89.

NatWest Group (LON:NWG - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.42) earnings per share for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, research analysts anticipate that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Buying and Selling at NatWest Group

In other news, insider Gill Whitehead purchased 569 shares of the stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 501 ($6.73) per share, with a total value of £2,850.69 ($3,830.54). Also, insider Roisin Donnelly acquired 619 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were purchased at an average price of GBX 501 ($6.73) per share, with a total value of £3,101.19 ($4,167.15). Over the last 90 days, insiders have bought 5,552 shares of company stock worth $2,781,552. Corporate insiders own 16.15% of the company's stock.

NatWest Group Company Profile

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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