NatWest Group (LON:NWG) Reaches New 12-Month Low - What's Next?

Key Points

• NatWest Group reached a new 52-week low, trading as low as GBX 290.23 before last trading at GBX 692.10 on exceptionally high volume.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of GBX 756.88; targets from major firms range from GBX 725 to GBX 840.
• The bank reported quarterly EPS of GBX 38.10, a 21.17% net margin and 16.16% return on equity. Insiders also purchased 2,747 shares over the past 90 days, indicating some internal confidence.

NatWest Group plc (LON:NWG - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 290.23 and last traded at GBX 692.10, with a volume of 507755156 shares trading hands. The stock had previously closed at GBX 682.80.

Analyst Upgrades and Downgrades

NWG has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on NatWest Group from GBX 780 to GBX 790 and gave the company an "overweight" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 840 price target on shares of NatWest Group in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 730 price objective on shares of NatWest Group in a research note on Friday, July 31st. Citigroup boosted their price objective on NatWest Group from GBX 820 to GBX 840 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 725 target price on shares of NatWest Group in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 756.88.

NatWest Group Trading Up 1.4%

The stock has a market cap of £55.13 billion, a PE ratio of 9.28, a P/E/G ratio of 0.46 and a beta of 0.81. The business has a 50 day moving average of GBX 681.86 and a 200-day moving average of GBX 622.08.

NatWest Group (LON:NWG - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. Research analysts expect that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Gill Whitehead bought 485 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were bought at an average cost of GBX 668 per share, for a total transaction of £3,239.80. Also, insider Geeta Gopalan acquired 487 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 668 per share, for a total transaction of £3,253.16. In the last ninety days, insiders bought 2,747 shares of company stock worth $1,834,996. 0.21% of the stock is currently owned by insiders.

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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