Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for NatWest Group (LON:NWG)

Key Points

• NatWest Group's stock received a "buy" rating from Deutsche Bank Aktiengesellschaft, with a price target of GBX 600 ($8.06), indicating a potential upside of 17.05% from its current price.
• JPMorgan Chase & Co. increased their target price for NatWest Group from GBX 600 to GBX 610, maintaining an "overweight" rating, while Shore Capital issued a "hold" rating with a GBX 495 target.
• Insider activity showed significant investment, with insiders purchasing a total of 5,552 shares valued at approximately $2.78 million in the last ninety days.

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of NatWest Group (LON:NWG - Free Report) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have a GBX 600 ($7.96) target price on the stock.

A number of other research analysts also recently commented on the stock. Shore Capital reaffirmed a "hold" rating and issued a GBX 495 ($6.56) price target on shares of NatWest Group in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 600 ($7.96) to GBX 610 ($8.09) and gave the company an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 564.17 ($7.48).

NatWest Group Stock Performance

Shares of NWG traded down GBX 3 ($0.04) during mid-day trading on Monday, hitting GBX 527 ($6.99). 13,960,217 shares of the stock were exchanged, compared to its average volume of 36,131,418. The company has a market cap of £42.18 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a 52-week low of GBX 309 ($4.10) and a 52-week high of GBX 537.20 ($7.12). The firm has a 50-day moving average of GBX 509.43 and a two-hundred day moving average of GBX 471.64.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported GBX 30.90 ($0.41) earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, sell-side analysts predict that NatWest Group will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other NatWest Group news, insider Yasmin Jetha bought 239 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 501 ($6.64) per share, with a total value of £1,197.39 ($1,587.63). Also, insider Geeta Gopalan bought 620 shares of NatWest Group stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 501 ($6.64) per share, for a total transaction of £3,106.20 ($4,118.54). Insiders have purchased 5,552 shares of company stock valued at $2,781,552 over the last quarter. Corporate insiders own 16.15% of the company's stock.

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.