NatWest Group (LON:NWG) Shares Down 0.2% - Time to Sell?

NatWest Group plc (LON:NWG - Get Free Report)'s stock price dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as GBX 452.90 ($6.02) and last traded at GBX 457.82 ($6.09). Approximately 25,516,621 shares traded hands during trading, a decline of 38% from the average daily volume of 41,146,496 shares. The stock had previously closed at GBX 458.70 ($6.10).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NWG shares. JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 510 ($6.78) to GBX 550 ($7.31) and gave the stock a "top pick" rating in a research report on Tuesday, March 25th. Citigroup upped their price objective on shares of NatWest Group from GBX 580 ($7.71) to GBX 615 ($8.18) and gave the stock a "buy" rating in a research report on Thursday, March 6th.

NatWest Group Price Performance

The stock has a 50 day moving average of GBX 451.60 and a 200 day moving average of GBX 417.75. The firm has a market cap of £37.92 billion, a P/E ratio of 8.51, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported GBX 52.50 ($0.70) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, research analysts predict that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Lena Wilson acquired 261 shares of NatWest Group stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average cost of GBX 454 ($6.04) per share, with a total value of £1,184.94 ($1,575.93). Insiders own 16.15% of the company's stock.

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.