NatWest Group (LON:NWG) Sets New 52-Week High – What’s Next?

NatWest Group plc (LON:NWGGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 455.40 ($5.75) and last traded at GBX 454.11 ($5.74), with a volume of 30744607 shares. The stock had previously closed at GBX 436.10 ($5.51).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 500 ($6.32) to GBX 510 ($6.44) and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 403.75 ($5.10).

Check Out Our Latest Analysis on NWG

NatWest Group Trading Up 4.1 %

The stock has a market cap of £36.35 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.46 and a beta of 1.28. The company has a 50-day moving average price of GBX 416.26 and a two-hundred day moving average price of GBX 380.74.

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

Insiders Place Their Bets

In related news, insider Stuart Lewis acquired 774 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 the company’s stock in a transaction on 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). Company insiders own 16.15% of the company’s stock.

NatWest Group Company Profile

(Get Free Report)

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.

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