NatWest Group (LON:NWG) Announces Quarterly Earnings Results

NatWest Group (LON:NWG - Get Free Report) announced its earnings results on Friday. The company reported GBX 15.50 ($0.21) earnings per share 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 Price Performance

LON NWG traded down GBX 2.98 ($0.04) on Wednesday, hitting GBX 475.03 ($6.34). 81,353,633 shares of the stock were exchanged, compared to its average volume of 42,466,887. The company has a market capitalization of £38.02 billion, a PE ratio of 8.53, a P/E/G ratio of 0.46 and a beta of 1.28. The business's fifty day moving average is GBX 455.65 and its 200 day moving average is GBX 423.83. NatWest Group has a 52 week low of GBX 300.40 ($4.01) and a 52 week high of GBX 497.10 ($6.64).

Insider Activity

In other NatWest Group news, insider Lena Wilson acquired 261 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was acquired at an average price of GBX 454 ($6.06) per share, for a total transaction of £1,184.94 ($1,582.24). 16.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NWG. JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 510 ($6.81) to GBX 550 ($7.34) and gave the company a "top pick" rating in a research note on Tuesday, March 25th. Citigroup increased their target price on shares of NatWest Group from GBX 580 ($7.74) to GBX 615 ($8.21) and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Shore Capital reissued a "hold" rating on shares of NatWest Group in a research report on Friday, May 2nd.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.