NatWest Group plc (LON:NWG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• NatWest Group has a “Moderate Buy” consensus rating from eight brokerages, with five buy ratings and three holds. The average 12-month price target is GBX 756.88, above the reported share price of GBX 705.80.
• Recent analyst actions were generally positive: Citigroup raised its target to GBX 840 with a buy rating, while JPMorgan lifted its target to GBX 790 and maintained an overweight rating. Other firms maintained hold or buy recommendations.
• NatWest reported quarterly EPS of GBX 38.10, a 20.89% net margin and 16.16% return on equity. Insiders also purchased 2,747 shares over the past 90 days, while the stock remains near its 52-week high of GBX 726.

NatWest Group plc (LON:NWG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 756.88.

Several research analysts recently weighed in on the company. Shore Capital Group upgraded NatWest Group to a "hold" rating in a research note on Friday, May 1st. Citigroup increased their price target on NatWest Group from GBX 820 to GBX 840 and gave the company a "buy" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on NatWest Group from GBX 780 to GBX 790 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 730 price objective on shares of NatWest Group in a report on Friday, July 31st.

Insider Buying and Selling

In related news, insider Albert Hitchcock purchased 514 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were acquired at an average price of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Gill Whitehead purchased 485 shares of the firm's stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of GBX 668 per share, with a total value of £3,239.80. Insiders acquired 2,747 shares of company stock worth $1,834,996 over the last ninety days. Company insiders own 0.21% of the company's stock.

NatWest Group Stock Down 0.8%

LON:NWG opened at GBX 705.80 on Tuesday. The stock has a market capitalization of £56.18 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.46 and a beta of 0.81. NatWest Group has a 52 week low of GBX 500.20 and a 52 week high of GBX 726. The firm has a 50 day moving average of GBX 657.25 and a 200 day moving average of GBX 618.29.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%. As a group, analysts expect that NatWest Group will post 45.9724712 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source