NatWest Group (LON:NWG) Posts Quarterly Earnings Results

Key Points

• NatWest Group reported a quarterly EPS of GBX 19.80, with a net margin of 18.21% and a return on equity of 13.29%.
• Shares of NatWest Group rose by 3.5% during trading, reaching GBX 564.54, supported by a total trading volume of 29,381,432 shares.
• Analysts have a consensus rating of "Moderate Buy" for NatWest, with target prices ranging from GBX 475 to GBX 650.

NatWest Group (LON:NWG - Get Free Report) issued its earnings results on Friday. The company reported GBX 19.80 EPS for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%.

NatWest Group Trading Up 3.5%

Shares of NatWest Group stock traded up GBX 18.94 during trading on Friday, reaching GBX 564.54. The company's stock had a trading volume of 29,381,432 shares, compared to its average volume of 31,855,076. The stock has a 50-day moving average price of GBX 533.02 and a two-hundred day moving average price of GBX 509.72. NatWest Group has a one year low of GBX 359.90 and a one year high of GBX 583. The stock has a market capitalization of £45.33 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NWG. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 600 target price on shares of NatWest Group in a research note on Monday, July 28th. Citigroup boosted their target price on shares of NatWest Group from GBX 595 to GBX 620 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their target price on shares of NatWest Group from GBX 475 to GBX 650 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Shore Capital restated a "hold" rating and issued a GBX 495 target price on shares of NatWest Group in a research note on Friday, July 25th. Finally, Jefferies Financial Group boosted their target price on shares of NatWest Group from GBX 530 to GBX 615 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 613.33.

Insiders Place Their Bets

In other NatWest Group news, insider Stuart Lewis purchased 607 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average cost of GBX 525 per share, with a total value of £3,186.75. Also, insider Richard Haythornthwait purchased 2,268 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average cost of GBX 525 per share, with a total value of £11,907. Insiders purchased a total of 6,541 shares of company stock valued at $3,439,815 over 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.

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