NatWest Group (LON:NWG) Sets New 1-Year High - Should You Buy?

Key Points

• NatWest Group shares reached a new 52-week high of GBX 559 ($7.52), indicating strong market performance with significant trading volume.
• Analysts largely maintain a positive outlook, with JPMorgan raising its price target to GBX 610 and an average rating of "Moderate Buy" across the board.
• Insider activity shows mixed signals, with one insider selling shares while others have purchased, reflecting varied opinions on the stock's potential.

Shares of NatWest Group plc (LON:NWG - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 559 ($7.52) and last traded at GBX 559 ($7.52), with a volume of 92877883 shares. The stock had previously closed at GBX 553.80 ($7.45).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NWG. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 600 to GBX 610 and gave the company an "overweight" rating in a report on Monday, July 28th. Shore Capital reaffirmed a "hold" rating and set a GBX 495 price target on shares of NatWest Group in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 600 target price on shares of NatWest Group in a report on Monday, July 28th. Royal Bank Of Canada raised their target price on shares of NatWest Group from GBX 475 to GBX 650 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Citigroup cut their price target on NatWest Group from GBX 610 to GBX 595 and set a "buy" rating on the stock in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 590.

NatWest Group Price Performance

The stock has a market cap of £44.52 billion, a P/E ratio of 9.99, a PEG ratio of 0.46 and a beta of 1.28. The company has a fifty day moving average of GBX 512.45 and a 200 day moving average of GBX 483.82.

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

Insider Activity

In related news, insider Katie Murray sold 18,055 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total transaction of £93,163.80. Also, insider Geeta Gopalan purchased 620 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 501 per share, for a total transaction of £3,106.20. Insiders have purchased 5,552 shares of company stock valued at $2,781,552 over the last 90 days. Corporate 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.

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