NatWest Group (LON:NWG) Reaches New 1-Year High - What's Next?

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 mid-day 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 traded. The stock had previously closed at GBX 553.80 ($7.45).

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NWG shares. JPMorgan Chase & Co. upped their price objective on shares of NatWest Group from GBX 600 to GBX 610 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Shore Capital reissued a "hold" rating and set a GBX 495 target price on shares of NatWest Group in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 600 target price on shares of NatWest Group in a report on Monday, July 28th. Royal Bank Of Canada boosted 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 reduced their target price on shares of NatWest Group from GBX 610 to GBX 595 and set a "buy" rating on the stock in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, NatWest Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 594.17.

NatWest Group Stock Performance

The stock's 50 day moving average price is GBX 515.12 and its 200 day moving average price is GBX 487.18. The company has a market capitalization of £44.71 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported GBX 30.90 earnings per share for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Paul Thwaite sold 26,481 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of GBX 516, for a total transaction of £136,641.96. Also, insider Katie Murray sold 18,055 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of GBX 516, for a total transaction of £93,163.80. Insiders acquired a total of 5,552 shares of company stock valued at $2,781,552 over the last 90 days. 16.15% of the stock is owned by company insiders.

NatWest Group Company Profile

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.