NatWest Group (LON:NWG) Price Target Raised to GBX 510

NatWest Group (LON:NWG) had its price objective hoisted by JPMorgan Chase & Co. from GBX 500 ($6.32) to GBX 510 ($6.44) in a report released on Wednesday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

NatWest Group Trading Up 4.1 %

Shares of NWG stock opened at GBX 454.11 ($5.74) on Wednesday. The stock’s 50-day moving average price is GBX 416.26 and its 200-day moving average price is GBX 380.33. NatWest Group has a 12-month low of GBX 226.50 ($2.86) and a 12-month high of GBX 455.44 ($5.75). The stock 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.

NatWest Group (LON:NWG) last issued its quarterly earnings data on Friday, February 14th. The company reported GBX 52.50 ($0.66) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, research analysts predict that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other NatWest Group news, insider Stuart Lewis bought 774 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average cost of GBX 397 ($5.02) per share, for a total transaction of £3,072.78 ($3,882.22). Also, insider Katie Murray sold 533,746 shares of NatWest Group stock in a transaction dated Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.95), for a total value of £2,092,284.32 ($2,643,441.97). 16.15% of the stock is owned by company 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.