NatWest Group (LON:NWG) Hits New 12-Month High – Here’s Why

NatWest Group plc (LON:NWG) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 450 ($5.56) and last traded at GBX 445.52 ($5.51), with a volume of 18142055 shares. The stock had previously closed at GBX 441.40 ($5.45).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated a “top pick” rating on shares of NatWest Group in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351 ($4.34).

NatWest Group Stock Performance

The stock has a market capitalization of £37.11 billion, a P/E ratio of 947.91, a P/E/G ratio of 0.46 and a beta of 1.28. The company’s 50-day moving average price is GBX 410.38 and its 200 day moving average price is GBX 375.06.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Stuart Lewis acquired 774 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average cost of GBX 397 ($4.91) per share, with a total value of £3,072.78 ($3,797.31). Also, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.84), for a total transaction of £2,092,284.32 ($2,585,620.76). 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.