NatWest Group (LON:NWG) Given New GBX 620 Price Target at Citigroup

Key Points

• Citigroup has raised NatWest Group's price target from GBX 595 to GBX 620, indicating a potential upside of 19.83% from its current price.
• Other analysts have also increased their targets, with JPMorgan Chase raising it to GBX 700 and Jefferies increasing it to GBX 615, supporting a general trend of positive outlooks for the stock.
• Insiders have been actively buying shares, with a total of 5,552 shares purchased recently, signifying confidence in the company's future performance.

NatWest Group (LON:NWG - Get Free Report) had its price target upped by stock analysts at Citigroup from GBX 595 to GBX 620 in a note issued to investors on Tuesday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 17.16% from the company's current price.

A number of other analysts have also issued reports on NWG. Shore Capital reaffirmed a "hold" rating and issued a GBX 495 price target on shares of NatWest Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 600 price target on shares of NatWest Group in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on NatWest Group from GBX 610 to GBX 700 and gave the stock an "overweight" rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective on NatWest Group from GBX 475 to GBX 650 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group boosted their price objective on NatWest Group from GBX 530 to GBX 615 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 613.33.

NatWest Group Stock Performance

Shares of LON:NWG traded up GBX 3 during trading on Tuesday, reaching GBX 529.20. The stock had a trading volume of 12,329,927 shares, compared to its average volume of 33,317,891. The business has a fifty day moving average price of GBX 520.92 and a 200-day moving average price of GBX 494.49. The stock has a market cap of £42.62 billion, a PE ratio of 887.92, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 1-year low of GBX 327.30 and a 1-year high of GBX 565.42.

NatWest Group (LON:NWG - Get Free Report) last issued 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%. Sell-side analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Activity at NatWest Group

In related news, insider Stuart Lewis acquired 636 shares of the stock in a transaction on Tuesday, July 1st. The shares were bought at an average price of GBX 501 per share, with a total value of £3,186.36. Also, insider Richard Haythornthwait acquired 2,378 shares of the stock in a transaction on Tuesday, July 1st. The shares were bought at an average cost of GBX 501 per share, for a total transaction of £11,913.78. Insiders have acquired a total of 5,552 shares of company stock valued at $2,781,552 in the last three months. Company insiders own 0.19% of the company's stock.

About NatWest Group

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.