NatWest Group plc (LON:NWG) Insider Purchases £2,896.48 in Stock

NatWest Group plc (LON:NWG) insider Yasmin Jetha bought 842 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were acquired at an average price of GBX 344 ($4.60) per share, with a total value of £2,896.48 ($3,874.37).

NatWest Group Stock Performance

NWG traded down GBX 6.30 ($0.08) during trading on Wednesday, hitting GBX 334.10 ($4.47). The stock had a trading volume of 19,549,717 shares, compared to its average volume of 31,692,531. The stock has a 50 day simple moving average of GBX 340.62 and a two-hundred day simple moving average of GBX 314.71. The company has a market capitalization of £27.83 billion, a PE ratio of 708.72, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group plc has a twelve month low of GBX 168 ($2.25) and a twelve month high of GBX 372.70 ($4.99).

NatWest Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a GBX 6 ($0.08) dividend. This represents a yield of 1.77%. The ex-dividend date of this dividend was Thursday, August 8th. NatWest Group’s dividend payout ratio is presently 3,829.79%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NWG. JPMorgan Chase & Co. raised their price target on NatWest Group from GBX 370 ($4.95) to GBX 420 ($5.62) and gave the stock an “overweight” rating in a research note on Monday, July 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.55) target price on shares of NatWest Group in a research report on Wednesday, August 21st. Finally, Citigroup restated a “buy” rating on shares of NatWest Group in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 347.50 ($4.65).

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.