NatWest Group’s (NWG) “Buy” Rating Reiterated at Citigroup

NatWest Group (LON:NWG)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 415 ($5.46) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Shore Capital lowered NatWest Group to a “hold” rating in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 370 ($4.87) to GBX 420 ($5.52) and gave the stock an “overweight” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 343.57 ($4.52).

NatWest Group Price Performance

LON NWG opened at GBX 333.70 ($4.39) on Monday. The company has a market capitalization of £27.80 billion, a price-to-earnings ratio of 710.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.33. NatWest Group has a 12 month low of GBX 168 ($2.21) and a 12 month high of GBX 372.70 ($4.90). The company’s fifty day moving average price is GBX 335.12 and its two-hundred day moving average price is GBX 301.10.

Insider Buying and Selling

In other news, insider Patrick Flynn acquired 974 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were acquired at an average price of GBX 316 ($4.16) per share, with a total value of £3,077.84 ($4,047.13). 19.14% of the stock is owned by company insiders.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.