NatWest Group (LON:NWG) Sets New 12-Month High – Should You Buy?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high on Friday . The stock traded as high as GBX 378.50 ($4.91) and last traded at GBX 377.95 ($4.91), with a volume of 347723188 shares. The stock had previously closed at GBX 360.60 ($4.68).

Analysts Set New Price Targets

Several brokerages have recently weighed in on NWG. JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 370 ($4.80) to GBX 420 ($5.45) and gave the stock an “overweight” rating in a research report on Monday, July 29th. Citigroup restated a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 415 ($5.39) price objective on shares of NatWest Group in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 347.50 ($4.51).

NatWest Group Stock Performance

The firm has a market capitalization of £30.31 billion, a PE ratio of 774.26, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company’s fifty day moving average price is GBX 344.37 and its two-hundred day moving average price is GBX 325.85.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Yasmin Jetha purchased 842 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average price of GBX 344 ($4.47) per share, for a total transaction of £2,896.48 ($3,760.69). Insiders own 16.15% of the company’s stock.

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.