NatWest Group (LON:NWG) Hits New 12-Month High - Still a Buy?

Shares of NatWest Group plc (LON:NWG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 498.10 ($6.62) and last traded at GBX 482.80 ($6.42), with a volume of 355521344 shares. The stock had previously closed at GBX 491.96 ($6.54).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWG. Citigroup upped their price target on NatWest Group from GBX 580 ($7.71) to GBX 615 ($8.17) and gave the stock a "buy" rating in a research note on Thursday, March 6th. Shore Capital reaffirmed a "hold" rating on shares of NatWest Group in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on NatWest Group from GBX 510 ($6.78) to GBX 550 ($7.31) and gave the stock a "top pick" rating in a research note on Tuesday, March 25th.

NatWest Group Stock Performance

The firm has a market capitalization of £38.62 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.46 and a beta of 1.28. The business has a 50 day moving average of GBX 456.27 and a two-hundred day moving average of GBX 426.50.

NatWest Group (LON:NWG - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported GBX 15.50 ($0.21) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, equities analysts predict that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Transactions at NatWest Group

In related news, insider Lena Wilson acquired 261 shares of the stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average cost of GBX 454 ($6.03) per share, with a total value of £1,184.94 ($1,574.46). Company insiders own 16.15% of the company's stock.

About NatWest Group

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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