NatWest Group (LON:NWG) Sets New 52-Week High – What’s Next?

NatWest Group plc (LON:NWG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 652.20 and last traded at GBX 652.20, with a volume of 87131219 shares trading hands. The stock had previously closed at GBX 646.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of NatWest Group from GBX 650 to GBX 725 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. Shore Capital raised their target price on NatWest Group from GBX 500 to GBX 550 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 730 target price on shares of NatWest Group in a report on Tuesday, December 2nd. Jefferies Financial Group increased their price target on NatWest Group from GBX 615 to GBX 630 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup raised their price objective on NatWest Group from GBX 690 to GBX 765 and gave the stock a “buy” rating in a research report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NatWest Group has an average rating of “Moderate Buy” and an average price target of GBX 666.67.

NatWest Group Stock Up 0.9%

The firm has a market cap of £52.13 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.46 and a beta of 1.28. The business’s 50 day moving average is GBX 608.61 and its two-hundred day moving average is GBX 551.84.

NatWest Group (LON:NWG) last issued its quarterly earnings results on Friday, October 24th. The company reported GBX 19.80 EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Equities research analysts anticipate that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Roisin Donnelly bought 591 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, with a total value of £3,102.75. Also, insider Lena Wilson bought 225 shares of the stock in a transaction on Wednesday, October 1st. The stock was acquired at an average price of GBX 525 per share, with a total value of £1,181.25. Insiders have purchased 5,383 shares of company stock worth $2,826,075 over the last quarter. 0.19% of the stock is owned by company insiders.

About NatWest Group

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.