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

NatWest Group plc (LON:NWG) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 351 ($4.41).

NWG has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.21) target price on shares of NatWest Group in a research report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 370 ($4.65) to GBX 420 ($5.28) and gave the stock an “overweight” rating in a research note on Monday, July 29th. Finally, Citigroup restated a “buy” rating on shares of NatWest Group in a report on Monday, September 2nd.

NatWest Group Stock Up 1.0 %

Shares of LON:NWG opened at GBX 394.60 ($4.96) on Tuesday. The firm has a fifty day simple moving average of GBX 362.80 and a two-hundred day simple moving average of GBX 339.75. The stock has a market capitalization of £32.87 billion, a P/E ratio of 839.57, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 52 week low of GBX 201.70 ($2.53) and a 52 week high of GBX 404.50 ($5.08).

Insider Activity

In other NatWest Group news, insider Yasmin Jetha purchased 842 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average price of GBX 344 ($4.32) per share, for a total transaction of £2,896.48 ($3,637.88). Insiders own 16.15% of the company’s stock.

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.