NatWest Group plc (LON:NWG) Receives Average Rating of “Moderate Buy” from Analysts

NatWest Group plc (LON:NWG) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 347.50 ($4.51).

NWG has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 415 ($5.38) target price on shares of NatWest Group in a research note on Wednesday, August 21st. Finally, Citigroup reiterated a “buy” rating on shares of NatWest Group in a research note on Monday, September 2nd.

Insider Buying and Selling

In related news, insider Yasmin Jetha purchased 842 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average price of GBX 344 ($4.46) per share, with a total value of £2,896.48 ($3,756.30). 16.15% of the stock is owned by insiders.

NatWest Group Price Performance

Shares of NatWest Group stock opened at GBX 367.70 ($4.77) on Friday. The firm’s 50 day moving average price is GBX 345.96 and its 200-day moving average price is GBX 328.39. NatWest Group has a 52-week low of GBX 176.05 ($2.28) and a 52-week high of GBX 381.50 ($4.95). The company has a market cap of £30.63 billion, a P/E ratio of 782.34, a PEG ratio of 0.46 and a beta of 1.28.

About NatWest Group

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.