NatWest Group (LON:NWG) Hits New 12-Month High - Here's Why

Key Points

• NatWest Group plc shares reached a new 52-week high at GBX 537.20 ($7.22), with a trading volume of over 35 million shares.
• Analysts have varied opinions on the stock, with Deutsche Bank issuing a buy rating and a price target of GBX 600 ($8.06), while Citigroup reduced their target from 610 to GBX 595 ($7.99).
• The company reported a quarterly earnings per share (EPS) of GBX 30.90 ($0.42), alongside a net margin of 18.21% and a return on equity of 13.29%.

Shares of NatWest Group plc (LON:NWG - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 537.20 ($7.22) and last traded at GBX 536.80 ($7.21), with a volume of 35456188 shares. The stock had previously closed at GBX 533 ($7.16).

Analyst Ratings Changes

Several equities research analysts have issued reports on NWG shares. Shore Capital reaffirmed a "hold" rating and set a GBX 495 ($6.65) price target on shares of NatWest Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 ($8.06) price target on shares of NatWest Group in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 600 ($8.06) to GBX 610 ($8.19) and gave the stock an "overweight" rating in a research note on Monday, July 28th. Royal Bank Of Canada boosted their target price on NatWest Group from GBX 475 ($6.38) to GBX 650 ($8.73) and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Citigroup lowered their target price on NatWest Group from GBX 610 ($8.19) to GBX 595 ($7.99) and set a "buy" rating for the company in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, NatWest Group has an average rating of "Moderate Buy" and a consensus target price of GBX 560.83 ($7.53).

NatWest Group Stock Performance

The stock's 50-day moving average is GBX 509.26 and its two-hundred day moving average is GBX 478.84. The stock has a market cap of £42.74 billion, a PE ratio of 9.59, a PEG ratio of 0.46 and a beta of 1.28.

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) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other news, insider Gill Whitehead bought 569 shares of the stock in a transaction dated Tuesday, July 1st. The shares were acquired at an average price of GBX 501 ($6.73) per share, with a total value of £2,850.69 ($3,829.00). Also, insider Lena Wilson bought 236 shares of the stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average cost of GBX 501 ($6.73) per share, for a total transaction of £1,182.36 ($1,588.13). Over the last quarter, insiders have bought 5,552 shares of company stock valued at $2,781,552. Corporate insiders own 16.15% 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.

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