NatWest Group plc (LON:NWG) Receives GBX 347.50 Average PT from Analysts

NatWest Group plc (LON:NWG) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 347.50 ($4.55).

A number of equities analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 415 ($5.43) target price on shares of NatWest Group in a research report on Wednesday, August 21st. Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of NatWest Group from GBX 370 ($4.84) to GBX 420 ($5.50) and gave the stock an “overweight” rating in a research report on Monday, July 29th.

Insider Transactions at NatWest Group

In related news, insider Yasmin Jetha acquired 842 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average cost of GBX 344 ($4.50) per share, with a total value of £2,896.48 ($3,790.71). Insiders own 17.07% of the company’s stock.

NatWest Group Price Performance

Shares of LON NWG opened at GBX 353 ($4.62) on Monday. The company has a market cap of £29.40 billion, a P/E ratio of 751.06, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group has a 1 year low of GBX 168 ($2.20) and a 1 year high of GBX 372.70 ($4.88). The firm has a 50-day simple moving average of GBX 339.68 and a two-hundred day simple moving average of GBX 319.25.

NatWest Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a GBX 6 ($0.08) dividend. This represents a yield of 1.77%. The ex-dividend date was Thursday, August 8th. NatWest Group’s dividend payout ratio is currently 3,829.79%.

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.