NatWest Group’s (NWG) Buy Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

Jefferies Financial Group reaffirmed their buy rating on shares of NatWest Group (LON:NWG – Free Report) in a research note published on Wednesday,Digital Look reports. They currently have a GBX 770 price target on the stock.

A number of other equities analysts also recently commented on NWG. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 target price on shares of NatWest Group in a research note on Monday, August 3rd. Citigroup increased their price target on shares of NatWest Group from GBX 820 to GBX 840 and gave the company a “buy” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 780 to GBX 790 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Berenberg Bank lifted their price target on shares of NatWest Group from GBX 860 to GBX 880 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 761.88.

Read Our Latest Report on NatWest Group

NatWest Group Stock Up 0.3%

Shares of NWG opened at GBX 699.39 on Wednesday. NatWest Group has a 52-week low of GBX 504 and a 52-week high of GBX 726. The company has a market capitalization of £55.67 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 684.35 and a two-hundred day simple moving average of GBX 623.96.

NatWest Group (LON:NWG – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 EPS for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. As a group, equities analysts anticipate that NatWest Group will post 45.9724712 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Stuart Lewis bought 497 shares of the stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 668 per share, with a total value of £3,319.96. Also, insider Albert Hitchcock purchased 514 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 668 per share, with a total value of £3,433.52. Insiders have acquired a total of 2,747 shares of company stock valued at $1,834,996 over the last three months. Company insiders own 0.21% of the company’s stock.

About NatWest Group

(Get Free Report)

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.

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