NatWest Group (LON:NWG) Reaches New 52-Week High – Here’s What Happened

NatWest Group plc (LON:NWG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 471.20 ($5.98) and last traded at GBX 470.90 ($5.97), with a volume of 34554938 shares traded. The stock had previously closed at GBX 467 ($5.92).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 500 ($6.34) to GBX 510 ($6.47) and gave the company an “overweight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 403.75 ($5.12).

NatWest Group Price Performance

The stock has a 50 day moving average price of GBX 419.22 and a two-hundred day moving average price of GBX 383.69. The firm has a market capitalization of £37.69 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.46 and a beta of 1.28.

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 (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 expect that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stuart Lewis bought 774 shares of the stock in a transaction on Thursday, January 2nd. The stock was purchased at an average cost of GBX 397 ($5.03) per share, with a total value of £3,072.78 ($3,896.99). 16.15% of the stock is currently owned by insiders.

NatWest Group Company Profile

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