NatWest Group (LON:NWG) Sets New 12-Month High – Here’s Why

Shares of NatWest Group plc (LON:NWG) 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 traded. The stock had previously closed at GBX 414.80 ($5.11).

Wall Street Analyst Weigh In

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

NatWest Group Stock Performance

The business has a 50-day moving average of GBX 399.47 and a 200-day moving average of GBX 363.63. The stock has a market capitalization of £34.80 billion, a price-to-earnings ratio of 888.94, a PEG ratio of 0.46 and a beta of 1.28.

Insider Activity

In other news, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.83), for a total value of £2,092,284.32 ($2,579,882.02). Also, insider Stuart Lewis purchased 774 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average cost of GBX 397 ($4.90) per share, for a total transaction of £3,072.78 ($3,788.88). Corporate 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.