NatWest Group's (NWG) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its "Buy" rating on NatWest Group with a GBX 840 target price, implying roughly a 51% upside from the prior close.
• Analyst coverage is mixed but positive: four analysts rate the stock Buy and three Hold, producing a consensus "Moderate Buy" rating and an average target of GBX 712.86.
• NatWest shares opened at GBX 555.40 (52‑week range GBX 471–705.40), with a market cap of £44.27bn and a P/E of 7.96; the bank reported GBX 68 EPS for the quarter and a return on equity of 14.55%.

NatWest Group (LON:NWG - Get Free Report)'s stock had its "buy" rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday,Digital Look reports. They currently have a GBX 840 target price on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 51.24% from the company's previous close.

Several other research firms have also recently weighed in on NWG. Shore Capital Group upgraded NatWest Group to a "hold" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 750 to GBX 780 and gave the stock an "overweight" rating in a report on Monday, April 13th. Barclays reiterated an "equal weight" rating and issued a GBX 700 price objective on shares of NatWest Group in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 725 target price on shares of NatWest Group in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 712.86.

NatWest Group Stock Performance

LON NWG opened at GBX 555.40 on Tuesday. NatWest Group has a fifty-two week low of GBX 471 and a fifty-two week high of GBX 705.40. The stock has a 50 day simple moving average of GBX 583.89 and a two-hundred day simple moving average of GBX 607.80. The stock has a market cap of £44.27 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.46 and a beta of 0.83.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The company reported GBX 68 earnings per share for the quarter. NatWest Group had a return on equity of 14.55% and a net margin of 20.12%. Sell-side analysts predict that NatWest Group will post 45.9724712 earnings per share for the current 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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