NatWest Group (LON:NWG) Price Target Raised to GBX 840 at Deutsche Bank Aktiengesellschaft

NatWest Group (LON:NWG) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 730 to GBX 840 in a research note published on Friday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Barclays restated an “equal weight” rating and set a GBX 700 price target on shares of NatWest Group in a research note on Wednesday, January 7th. Shore Capital Group reiterated a “hold” rating on shares of NatWest Group in a research note on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research report on Monday, February 9th. Citigroup upped their price target on shares of NatWest Group from GBX 690 to GBX 765 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 730 to GBX 750 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NatWest Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 708.57.

NatWest Group Price Performance

NatWest Group stock opened at GBX 539.40 on Friday. NatWest Group has a 1-year low of GBX 380.60 and a 1-year high of GBX 705.40. The business has a fifty day moving average price of GBX 609.32 and a 200-day moving average price of GBX 596.23. The stock has a market capitalization of £42.98 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.46 and a beta of 0.79.

NatWest Group (LON:NWG) last announced its earnings results on Friday, February 13th. The company reported GBX 68 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 14.33% and a net margin of 22.26%. On average, equities research analysts anticipate that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Stuart Lewis purchased 483 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were purchased at an average cost of GBX 660 per share, with a total value of £3,187.80. Also, insider Yasmin Jetha acquired 181 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average cost of GBX 660 per share, with a total value of £1,194.60. Insiders have acquired a total of 4,281 shares of company stock worth $2,825,460 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.