Citigroup Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWG) had its target price boosted by equities research analysts at Citigroup from GBX 580 ($7.50) to GBX 615 ($7.95) in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 35.14% from the company’s previous close.

Separately, JPMorgan Chase & Co. lifted their target price on shares of NatWest Group from GBX 500 ($6.46) to GBX 510 ($6.59) and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, NatWest Group has an average rating of “Moderate Buy” and a consensus price target of GBX 467.50 ($6.04).

NatWest Group Trading Down 2.0 %

NWG stock opened at GBX 455.10 ($5.88) on Thursday. The company has a market cap of £36.43 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.46 and a beta of 1.28. NatWest Group has a 52 week low of GBX 237.30 ($3.07) and a 52 week high of GBX 484.30 ($6.26). The company’s 50-day moving average price is GBX 429.05 and its 200 day moving average price is GBX 389.31.

NatWest Group (LON:NWG) last announced its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, equities research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Activity

In other news, insider Stuart Lewis acquired 774 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average price of GBX 397 ($5.13) per share, with a total value of £3,072.78 ($3,971.54). Company insiders own 16.15% of the company’s stock.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.