NatWest Group (LON:NWG) Stock Price Up 0.4% - Here's What Happened

Key Points

• NatWest Group's share price increased by 0.4% during mid-day trading, reaching GBX 544 ($7.26), with approximately 18.6 million shares traded.
• Analysts have raised target prices for NatWest Group, with Jefferies increasing it to GBX 615 and JPMorgan to GBX 700, indicating a consensus rating of "Moderate Buy".
• Insiders have purchased a total of 6,541 shares of the company's stock valued at approximately $3.4 million over the last three months, with notable transactions occurring on October 1st.

NatWest Group plc (LON:NWG - Get Free Report)'s share price rose 0.4% during mid-day trading on Monday . The company traded as high as GBX 548.20 ($7.31) and last traded at GBX 544 ($7.26). Approximately 18,555,182 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 32,257,295 shares. The stock had previously closed at GBX 541.60 ($7.22).

Wall Street Analysts Forecast Growth

NWG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of NatWest Group from GBX 530 to GBX 615 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 600 target price on shares of NatWest Group in a research report on Monday, July 28th. Shore Capital reissued a "hold" rating and issued a GBX 495 target price on shares of NatWest Group in a research report on Friday, July 25th. Royal Bank Of Canada boosted their target price on shares of NatWest Group from GBX 475 to GBX 650 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 610 to GBX 700 and gave the company an "overweight" rating in a research report on Tuesday, September 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 613.33.

NatWest Group Price Performance

The company's 50-day moving average is GBX 531.31 and its two-hundred day moving average is GBX 505.13. The firm has a market cap of £43.68 billion, a P/E ratio of 912.75, a PEG 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 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other news, insider Gill Whitehead acquired 629 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, with a total value of £3,302.25. Also, insider Patrick Flynn bought 243 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was bought at an average cost of GBX 525 per share, with a total value of £1,275.75. Insiders have purchased a total of 6,541 shares of company stock valued at $3,439,815 over the last three months. 0.19% of the stock is owned by insiders.

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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