NatWest Group (LON:NWG) Hits New 12-Month High – Still a Buy?

NatWest Group plc (LON:NWG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 455.40 ($5.77) and last traded at GBX 454.11 ($5.75), with a volume of 30744607 shares traded. The stock had previously closed at GBX 436.10 ($5.53).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on NatWest Group from GBX 500 ($6.34) to GBX 510 ($6.46) and gave the stock an “overweight” rating in a report on Wednesday. One research 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 stock has a consensus rating of “Moderate Buy” and an average price target of GBX 403.75 ($5.12).

NatWest Group Stock Performance

The company has a market capitalization of £36.35 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The firm has a fifty day moving average price of GBX 415.28 and a 200-day moving average price of GBX 379.82.

NatWest Group (LON:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported GBX 52.50 ($0.67) 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, sell-side analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling

In other NatWest Group news, insider Stuart Lewis acquired 774 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of GBX 397 ($5.03) per share, for a total transaction of £3,072.78 ($3,893.54). Also, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.97), for a total value of £2,092,284.32 ($2,651,145.87). 16.15% of the stock is owned by corporate insiders.

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.