NatWest Group (LON:NWG) Given New GBX 615 Price Target at Citigroup

NatWest Group (LON:NWG) had its target price raised by Citigroup from GBX 580 ($7.48) to GBX 615 ($7.93) in a research 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 company’s current price.

Separately, JPMorgan Chase & Co. raised their price objective on NatWest Group from GBX 500 ($6.44) to GBX 510 ($6.57) and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 467.50 ($6.03).

NatWest Group Price Performance

LON NWG traded down GBX 7 ($0.09) during trading hours on Thursday, hitting GBX 464.30 ($5.98). The company’s stock had a trading volume of 25,554,408 shares, compared to its average volume of 27,692,068. NatWest Group has a 12 month low of GBX 237.30 ($3.06) and a 12 month high of GBX 484.30 ($6.24). The company’s 50 day simple moving average is GBX 426.67 and its two-hundred day simple moving average is GBX 388.32. The company has a market cap of £37.17 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share 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 earnings per share for the current fiscal year.

Insider Transactions at NatWest Group

In related news, insider Stuart Lewis acquired 774 shares of NatWest Group stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average price of GBX 397 ($5.12) per share, for a total transaction of £3,072.78 ($3,960.79). Corporate insiders own 16.15% of the company’s stock.

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.