Citigroup Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWG) had its price objective raised by Citigroup from GBX 580 ($7.47) to GBX 615 ($7.93) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

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

NatWest Group Stock Down 1.2 %

Shares of NWG opened at GBX 458.80 ($5.91) on Thursday. The stock has a market cap of £36.73 billion, a PE ratio of 8.24, a PEG ratio of 0.46 and a beta of 1.28. The business has a 50-day simple moving average of GBX 427.96 and a two-hundred day simple moving average of GBX 388.85. NatWest Group has a 12-month low of GBX 237.30 ($3.06) and a 12-month high of GBX 484.30 ($6.24).

NatWest Group (LON:NWG) last issued its quarterly 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%. On average, equities research analysts expect that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity at NatWest Group

In other NatWest Group news, insider Stuart Lewis bought 774 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average price of GBX 397 ($5.12) per share, for a total transaction of £3,072.78 ($3,959.77). 16.15% of the stock is owned by corporate 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.