NatWest Group’s (NWG) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of NatWest Group (LON:NWG) in a report released on Friday morning, Marketbeat Ratings reports.

Several other research firms also recently issued reports on NWG. Berenberg Bank boosted their price objective on shares of NatWest Group from GBX 300 ($3.77) to GBX 325 ($4.08) and gave the stock a buy rating in a research note on Friday, February 16th. Keefe, Bruyette & Woods lowered shares of NatWest Group to an underperform rating and set a GBX 230 ($2.89) target price on the stock. in a report on Monday, February 12th. Peel Hunt started coverage on NatWest Group in a report on Friday, April 19th. They issued a buy rating and a GBX 330 ($4.15) price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 270 ($3.39) to GBX 290 ($3.64) and gave the company an overweight rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of GBX 313.89 ($3.94).

NatWest Group Stock Performance

Shares of LON:NWG opened at GBX 302.50 ($3.80) on Friday. The stock has a 50-day simple moving average of GBX 260.34 and a 200-day simple moving average of GBX 228.89. The stock has a market capitalization of £26.44 billion, a P/E ratio of 617.35, a PEG ratio of 0.46 and a beta of 1.34. NatWest Group has a 1 year low of GBX 168 ($2.11) and a 1 year high of GBX 310 ($3.89).

NatWest Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, March 14th were given a GBX 11.50 ($0.14) dividend. This is a boost from NatWest Group’s previous dividend of $5.50. This represents a yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 14th. NatWest Group’s dividend payout ratio is presently 3,469.39%.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.