NatWest Group (LON:NWG) Stock Price Down 0.6% - Here's What Happened

NatWest Group plc (LON:NWG - Get Free Report)'s stock price dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 489 ($6.56) and last traded at GBX 489 ($6.56). Approximately 2,147,000,000 shares changed hands during mid-day trading, an increase of 3,950% from the average daily volume of 53,015,863 shares. The stock had previously closed at GBX 491.80 ($6.60).

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 510 ($6.85) to GBX 550 ($7.38) and gave the stock a "top pick" rating in a research note on Tuesday, March 25th. Shore Capital reaffirmed a "hold" rating on shares of NatWest Group in a research note on Monday, June 2nd.

NatWest Group Trading Up 0.2%

The firm has a market cap of £39.81 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.46 and a beta of 1.28. The stock has a 50 day simple moving average of GBX 507.83 and a 200-day simple moving average of GBX 465.71.

NatWest Group (LON:NWG - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported GBX 15.50 ($0.21) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, equities analysts forecast that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gill Whitehead bought 569 shares of the stock in a transaction on Tuesday, July 1st. The stock was acquired at an average cost of GBX 501 ($6.72) per share, for a total transaction of £2,850.69 ($3,826.43). Also, insider Yasmin Jetha acquired 239 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were bought at an average price of GBX 501 ($6.72) per share, with a total value of £1,197.39 ($1,607.23). In the last ninety days, insiders bought 5,552 shares of company stock worth $2,781,552. 16.15% of the stock is owned by company insiders.

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.