JPMorgan Chase & Co. Issues Positive Forecast for NatWest Group (LON:NWG) Stock Price

NatWest Group (LON:NWG) had its price objective increased by analysts at JPMorgan Chase & Co. from GBX 500 ($6.31) to GBX 510 ($6.43) in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.12% from the stock’s previous close.

NatWest Group Stock Performance

Shares of NatWest Group stock traded down GBX 6 ($0.08) on Wednesday, hitting GBX 439.20 ($5.54). The company’s stock had a trading volume of 305,968,156 shares, compared to its average volume of 31,881,484. NatWest Group has a 1 year low of GBX 224.40 ($2.83) and a 1 year high of GBX 455.44 ($5.75). The firm has a fifty day moving average price of GBX 414.11 and a 200-day moving average price of GBX 378.61. The company has a market capitalization of £35.16 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.66) earnings per share for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, analysts forecast that NatWest Group will post 45.9724712 EPS for the current year.

Insiders Place Their Bets

In other news, insider Stuart Lewis acquired 774 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was bought at an average cost of GBX 397 ($5.01) per share, for a total transaction of £3,072.78 ($3,876.35). Also, insider Katie Murray sold 533,746 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.95), for a total value of £2,092,284.32 ($2,639,440.29). 16.15% of the stock is owned by company 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.