NatWest Group (LON:NWG) Given New GBX 730 Price Target at Jefferies Financial Group

Key Points

• Jefferies cut its price target on NatWest Group from GBX 750 to GBX 730 but retained a "buy" rating, implying about 27.44% upside from the previous close.
• Analyst consensus is a Moderate Buy (four Buy, three Hold) with an average price target of GBX 727.14.
• Shares opened at GBX 572.80 and were trading up ~5%; the stock has a market cap of £45.66bn, a P/E of 8.21, reported quarterly EPS of GBX 68, and a 12‑month range of GBX 471–705.40.

NatWest Group (LON:NWG - Get Free Report) had its price target cut by equities researchers at Jefferies Financial Group from GBX 750 to GBX 730 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 27.44% from the stock's previous close.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 725 target price on shares of NatWest Group in a report on Tuesday. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 750 to GBX 780 and gave the company an "overweight" rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 840 price objective on shares of NatWest Group in a research note on Tuesday. Shore Capital Group upgraded shares of NatWest Group to a "hold" rating in a research note on Friday, May 1st. Finally, Barclays reaffirmed an "equal weight" rating and issued a GBX 700 target price on shares of NatWest Group in a report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 727.14.

NatWest Group Trading Up 5.1%

Shares of LON:NWG opened at GBX 572.80 on Wednesday. The company has a market capitalization of £45.66 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.46 and a beta of 0.83. NatWest Group has a 12-month low of GBX 471 and a 12-month high of GBX 705.40. The business has a 50-day moving average price of GBX 582.63 and a 200 day moving average price of GBX 607.81.

NatWest Group (LON:NWG - Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The company reported GBX 68 earnings per share for the quarter. NatWest Group had a net margin of 20.12% and a return on equity of 14.55%. As a group, equities research analysts predict that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

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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