NatWest Group (LON:NWG) Given Buy Rating at Berenberg Bank

NatWest Group (LON:NWG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 860 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 30.94% from the stock’s current price.

Several other research firms have also recently weighed in on NWG. Shore Capital Group upgraded shares of NatWest Group to a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. Jefferies Financial Group cut their price target on shares of NatWest Group from GBX 750 to GBX 730 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 price objective on shares of NatWest Group in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 743.75.

NatWest Group Stock Performance

NatWest Group stock opened at GBX 656.80 on Wednesday. The firm has a market cap of £52.30 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.46 and a beta of 0.82. NatWest Group has a 52-week low of GBX 471 and a 52-week high of GBX 705.40. The firm has a 50 day moving average price of GBX 596.02 and a two-hundred day moving average price of GBX 609.33.

Insider Activity

In related news, insider Richard Haythornthwait acquired 1,775 shares of the stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of GBX 556 per share, for a total transaction of £9,869. Also, insider Patrick Flynn bought 415 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of GBX 556 per share, for a total transaction of £2,307.40. In the last three months, insiders purchased 4,014 shares of company stock worth $2,231,784. Company insiders own 0.21% of the company’s stock.

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.