Citigroup Issues Positive Forecast for NatWest Group (LON:NWG) Stock Price

NatWest Group (LON:NWG) had its price objective upped by Citigroup from GBX 580 ($7.47) to GBX 615 ($7.93) in a report published on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 500 ($6.44) to GBX 510 ($6.57) and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 467.50 ($6.02).

NatWest Group Stock Performance

LON:NWG opened at GBX 458.80 ($5.91) on Thursday. The stock has a fifty day moving average price of GBX 427.96 and a 200-day moving average price of GBX 388.85. The company has a market cap of £36.73 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a fifty-two week low of GBX 237.30 ($3.06) and a fifty-two week high of GBX 484.30 ($6.24).

NatWest Group (LON:NWG) last released 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 return on equity of 13.29% and a net margin of 18.21%. Research analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Transactions at NatWest Group

In other news, insider Stuart Lewis bought 774 shares of the stock in a transaction on Thursday, January 2nd. The stock was acquired at an average price of GBX 397 ($5.12) per share, with a total value of £3,072.78 ($3,959.77). 16.15% of the stock is owned by insiders.

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.