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 raised by equities research analysts at Citigroup from GBX 595 to GBX 620 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 19.83% from the stock's current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an "overweight" rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of NatWest Group from GBX 530 to GBX 615 and gave the company a "buy" rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 600 price objective on shares of NatWest Group in a report on Monday, July 28th. Royal Bank Of Canada increased their price objective on NatWest Group from GBX 475 to GBX 650 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Shore Capital reissued a "hold" rating and issued a GBX 495 price objective on shares of NatWest Group in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 613.33.

NatWest Group Stock Performance

NWG opened at GBX 517.40 on Tuesday. The firm's fifty day moving average is GBX 517.80 and its two-hundred day moving average is GBX 492.75. The firm has a market cap of £41.67 billion, a PE ratio of 868.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a twelve month low of GBX 325.70 and a twelve month high of GBX 565.42.

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

Insider Buying and Selling at NatWest Group

In other news, insider Lena Wilson purchased 236 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was acquired at an average cost of GBX 501 per share, with a total value of £1,182.36. Also, insider Geeta Gopalan purchased 620 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were purchased at an average cost of GBX 501 per share, with a total value of £3,106.20. Insiders acquired a total of 5,552 shares of company stock worth $2,781,552 in the last 90 days. Company insiders own 0.19% of the company's stock.

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.

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