Citigroup Increases NatWest Group (LON:NWG) Price Target to GBX 615

NatWest Group (LON:NWG) had its price target raised by Citigroup from GBX 580 ($7.48) to GBX 615 ($7.93) in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 32.46% from the stock’s current price.

Separately, JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 500 ($6.44) to GBX 510 ($6.57) and gave the company an “overweight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, NatWest Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 467.50 ($6.03).

NatWest Group Price Performance

NWG stock traded down GBX 7 ($0.09) during trading on Thursday, reaching GBX 464.30 ($5.98). The company had a trading volume of 25,554,408 shares, compared to its average volume of 27,692,068. NatWest Group has a 52 week low of GBX 237.30 ($3.06) and a 52 week high of GBX 484.30 ($6.24). The business has a 50 day moving average of GBX 426.67 and a 200 day moving average of GBX 388.32. The company has a market cap of £37.17 billion, a P/E ratio of 8.34, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last announced its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Research analysts expect that NatWest Group will post 45.9724712 earnings per share for the current year.

Insider Activity at NatWest Group

In other news, insider Stuart Lewis acquired 774 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average cost of GBX 397 ($5.12) per share, with a total value of £3,072.78 ($3,960.79). 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.