NatWest Group (LON:NWG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its target price on NatWest Group from GBX 750 to GBX 780 and kept an "overweight" rating, implying a potential upside of about 28.33% from the prior close.
• Analyst sentiment is broadly positive with a consensus of "Moderate Buy" (average target GBX 712.86), comprising four Buy and three Hold ratings; Deutsche Bank has the highest recent target at GBX 840.
• NatWest shares opened near GBX 607.80, trade within a 52-week range of GBX 436.80–705.40, have a market cap of about £48.45bn and posted GBX 68 EPS last quarter with a ROE 14.33%.

NatWest Group (LON:NWG - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from GBX 750 to GBX 780 in a research report issued to clients and investors on Monday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 28.33% from the company's previous close.

Several other equities research analysts also recently commented on NWG. Barclays restated an "equal weight" rating and set a GBX 700 price objective on shares of NatWest Group in a report on Wednesday, January 7th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 725 price objective on shares of NatWest Group in a report on Monday, February 9th. Shore Capital Group restated a "hold" rating on shares of NatWest Group in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NatWest Group from GBX 730 to GBX 840 and gave the company a "buy" rating in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 712.86.

NatWest Group Stock Performance

Shares of NWG opened at GBX 607.80 on Monday. NatWest Group has a 52-week low of GBX 436.80 and a 52-week high of GBX 705.40. The business's 50 day moving average price is GBX 594.51 and its two-hundred day moving average price is GBX 601.36. The firm has a market cap of £48.45 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.46 and a beta of 0.83.

NatWest Group (LON:NWG - Get Free Report) last issued its quarterly earnings results on Friday, February 13th. The company reported GBX 68 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 14.33% and a net margin of 22.26%. Research analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

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.

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