NatWest Group (LON:NWG) Price Target Raised to GBX 615

NatWest Group (LON:NWG) had its target price hoisted by Citigroup from GBX 580 ($7.49) to GBX 615 ($7.95) in a research report report published on Thursday, MarketBeat Ratings reports. Citigroup currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. lifted their target price on shares of NatWest Group from GBX 500 ($6.46) to GBX 510 ($6.59) and gave the company an “overweight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 467.50 ($6.04).

NatWest Group Stock Performance

NatWest Group stock opened at GBX 455.10 ($5.88) on Thursday. NatWest Group has a fifty-two week low of GBX 237.30 ($3.07) and a fifty-two week high of GBX 484.30 ($6.26). The firm has a 50 day moving average price of GBX 429.05 and a 200 day moving average price of GBX 389.57. The company has a market capitalization of £36.43 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, equities research analysts forecast that NatWest Group will post 45.9724712 earnings per share for the current year.

Insiders Place Their Bets

In other NatWest Group news, insider Stuart Lewis purchased 774 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was acquired at an average price of GBX 397 ($5.13) per share, for a total transaction of £3,072.78 ($3,970.51). Insiders own 16.15% of the company’s stock.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.