Analysts Set NatWest Group plc (LON:NWG) Target Price at GBX 343.57

NatWest Group plc (LON:NWG) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 343.57 ($4.49).

Several research analysts recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 415 ($5.43) target price on shares of NatWest Group in a research report on Wednesday, August 21st. Shore Capital downgraded NatWest Group to a “hold” rating in a research report on Monday, May 20th. Citigroup restated a “buy” rating on shares of NatWest Group in a research note on Monday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price target on NatWest Group from GBX 370 ($4.84) to GBX 420 ($5.49) and gave the company an “overweight” rating in a research report on Monday, July 29th.

Insider Activity

In other news, insider Patrick Flynn bought 974 shares of NatWest Group stock in a transaction on Monday, July 1st. The shares were purchased at an average price of GBX 316 ($4.13) per share, for a total transaction of £3,077.84 ($4,024.90). Insiders own 18.11% of the company’s stock.

NatWest Group Stock Up 1.2 %

Shares of NWG opened at GBX 336 ($4.39) on Thursday. The business’s fifty day moving average is GBX 337.66 and its 200 day moving average is GBX 306.34. NatWest Group has a 12-month low of GBX 168 ($2.20) and a 12-month high of GBX 372.70 ($4.87). The stock has a market cap of £27.99 billion, a P/E ratio of 730.43, a P/E/G ratio of 0.46 and a beta of 1.28.

NatWest Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 8th were issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1.77%. NatWest Group’s dividend payout ratio is presently 3,913.04%.

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.