Insider Selling: NatWest Group (LON:NWG) Insider Sells £1,794,000 in Stock

NatWest Group plc (LON:NWG) insider Paul Thwaite sold 260,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total value of £1,794,000.

NatWest Group Price Performance

Shares of NWG stock opened at GBX 699.39 on Monday. The company has a market cap of £55.67 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.46 and a beta of 0.81. The firm has a 50-day moving average of GBX 684.35 and a 200-day moving average of GBX 624.13. NatWest Group plc has a one year low of GBX 504 and a one year high of GBX 726.

NatWest Group (LON:NWG) last posted its earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a net margin of 21.17% and a return on equity of 16.16%. As a group, research analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NWG. JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 780 to GBX 790 and gave the company an “overweight” rating in a report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 target price on shares of NatWest Group in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 840 price target on shares of NatWest Group in a research note on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 770 price objective on shares of NatWest Group in a research note on Wednesday, September 2nd. Finally, Citigroup lifted their target price on NatWest Group from GBX 820 to GBX 840 and gave the stock a “buy” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 761.88.

NatWest Group Company Profile

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.