NatWest Group plc (LON:NWG) Receives Average Recommendation of “Moderate Buy” from Analysts

NatWest Group plc (LON:NWG) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 343.57 ($4.54).

A number of research firms recently weighed in on NWG. Berenberg Bank restated a “buy” rating and issued a GBX 415 ($5.48) price target on shares of NatWest Group in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective on NatWest Group from GBX 370 ($4.89) to GBX 420 ($5.55) and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Citigroup reissued a “buy” rating on shares of NatWest Group in a report on Monday, September 2nd.

Insider Buying and Selling

In related news, insider Patrick Flynn bought 974 shares of the business’s stock in a transaction on Monday, July 1st. The shares were bought at an average cost of GBX 316 ($4.17) per share, for a total transaction of £3,077.84 ($4,065.84). 18.11% of the stock is owned by corporate insiders.

NatWest Group Stock Up 1.0 %

NWG opened at GBX 338.30 ($4.47) on Thursday. The firm has a market cap of £28.18 billion, a price-to-earnings ratio of 728.26, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a 52 week low of GBX 168 ($2.22) and a 52 week high of GBX 372.70 ($4.92). The business’s 50 day moving average is GBX 338.42 and its two-hundred day moving average is GBX 308.91.

NatWest Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were issued a GBX 6 ($0.08) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1.77%. NatWest Group’s payout ratio is currently 3,913.04%.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.