NatWest Group (LON:NWG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

NatWest Group (LON:NWG - Get Free Report) had its target price raised by stock analysts at Royal Bank Of Canada from GBX 475 ($6.32) to GBX 650 ($8.64) in a report released on Wednesday, July 30th, Marketbeat Ratings reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 24.38% from the company's previous close.

A number of other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 600 ($7.98) target price on shares of NatWest Group in a report on Monday, July 28th. Shore Capital reiterated a "hold" rating and issued a GBX 495 ($6.58) target price on shares of NatWest Group in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on NatWest Group from GBX 600 ($7.98) to GBX 610 ($8.11) and gave the company an "overweight" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, NatWest Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 560.83 ($7.46).

NatWest Group Stock Down 0.0%

NWG opened at GBX 522.60 ($6.95) on Wednesday. NatWest Group has a 52 week low of GBX 321.40 ($4.27) and a 52 week high of GBX 537.20 ($7.14). The business has a fifty day simple moving average of GBX 509.32 and a 200-day simple moving average of GBX 475.58. The firm has a market cap of £41.83 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.41) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Sell-side analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Roisin Donnelly purchased 619 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were bought at an average cost of GBX 501 ($6.66) per share, for a total transaction of £3,101.19 ($4,123.37). Also, insider Gill Whitehead purchased 569 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 501 ($6.66) per share, for a total transaction of £2,850.69 ($3,790.31). Insiders bought a total of 5,552 shares of company stock valued at $2,781,552 in the last 90 days. 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.