NatWest Group (LON:NWG) Receives "Hold" Rating from Shore Capital

Key Points

• NatWest Group's stock has received a "hold" rating from Shore Capital, with a target price of GBX 495 ($6.69), indicating a potential downside of 3.55% from its previous close.
• The company reported earnings of GBX 30.90 ($0.42) per share for the last quarter, with a return on equity of 13.29% and a net margin of 18.21%.
• Insiders have recently purchased a total of 5,552 shares worth approximately $2.78 million in the last three months, reflecting confidence in the company's performance.

NatWest Group (LON:NWG - Get Free Report)'s stock had its "hold" rating restated by research analysts at Shore Capital in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 495 ($6.69) target price on the stock. Shore Capital's target price would suggest a potential downside of 3.55% from the stock's previous close.

NatWest Group Trading Up 2.3%

NWG stock opened at GBX 513.20 ($6.93) on Friday. NatWest Group has a 1-year low of GBX 309 ($4.17) and a 1-year high of GBX 537.20 ($7.26). The firm has a market cap of £41.08 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.46 and a beta of 1.28. The business's 50 day moving average is GBX 508.58 and its 200-day moving average is GBX 467.94.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.42) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Sell-side analysts forecast that NatWest Group will post 45.9724712 EPS for the current year.

Insider Buying and Selling at NatWest Group

In other news, insider Richard Haythornthwait bought 2,378 shares of the stock in a transaction on Tuesday, July 1st. The stock was purchased at an average price of GBX 501 ($6.77) per share, for a total transaction of £11,913.78 ($16,093.18). Also, insider Gill Whitehead bought 569 shares of the stock in a transaction on Tuesday, July 1st. The shares were purchased at an average price of GBX 501 ($6.77) per share, with a total value of £2,850.69 ($3,850.72). Insiders have acquired a total of 5,552 shares of company stock worth $2,781,552 in the last three months. 16.15% of the stock is owned by insiders.

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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