NatWest Group (LON:NWG) Sets New 1-Year High – Should You Buy?

NatWest Group plc (LON:NWG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 419.70 ($5.18) and last traded at GBX 419.04 ($5.17), with a volume of 35821449 shares changing hands. The stock had previously closed at GBX 414.80 ($5.11).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated a “top pick” rating on shares of NatWest Group in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 351 ($4.33).

NatWest Group Stock Performance

The stock has a market capitalization of £34.80 billion, a PE ratio of 888.94, a P/E/G ratio of 0.46 and a beta of 1.28. The firm’s 50 day moving average is GBX 399.47 and its two-hundred day moving average is GBX 363.63.

Insiders Place Their Bets

In related news, insider Stuart Lewis acquired 774 shares of the stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average cost of GBX 397 ($4.90) per share, with a total value of £3,072.78 ($3,788.88). 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 ($4.83), for a total transaction of £2,092,284.32 ($2,579,882.02). Insiders own 16.15% of the company’s stock.

About NatWest Group

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.