NatWest Group (LON:NWG) Trading Up 0.5% - Should You Buy?

Key Points

• NatWest shares rose 0.5% to GBX 682.80 in mid-day trading, with volume 31% above the daily average. The bank has a £54.35 billion market capitalization and trades at a price-to-earnings ratio of 9.15.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of GBX 756.88—above the current share price.
• NatWest reported quarterly earnings per share of GBX 38.10, alongside a 21.17% net margin and 16.16% return on equity. Insiders have also purchased 2,747 shares over the past 90 days.

Shares of NatWest Group plc (LON:NWG - Get Free Report) traded up 0.5% during mid-day trading on Tuesday . The company traded as high as GBX 685.40 and last traded at GBX 682.80. 31,559,088 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 24,116,891 shares. The stock had previously closed at GBX 679.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NWG. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 840 price objective on shares of NatWest Group in a research report on Monday, August 3rd. Citigroup upped their target price on NatWest Group from GBX 820 to GBX 840 and gave the company a "buy" rating in a report on Monday, August 3rd. Berenberg Bank raised their target price on NatWest Group from GBX 860 to GBX 880 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 725 target price on shares of NatWest Group in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted 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. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NatWest Group presently has an average rating of "Moderate Buy" and an average price target of GBX 756.88.

NatWest Group Stock Performance

The firm's 50 day moving average price is GBX 681.86 and its two-hundred day moving average price is GBX 622.08. The firm has a market cap of £54.35 billion, a PE ratio of 9.15, a PEG ratio of 0.46 and a beta of 0.81.

NatWest Group (LON:NWG - Get Free Report) last released its quarterly 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%. On average, analysts forecast that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Gill Whitehead purchased 485 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average price of GBX 668 per share, with a total value of £3,239.80. Also, insider Lena Wilson purchased 183 shares of the stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average price of GBX 668 per share, with a total value of £1,222.44. Insiders have acquired 2,747 shares of company stock valued at $1,834,996 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

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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