JPMorgan Chase & Co. Raises NatWest Group (LON:NWG) Price Target to GBX 550

NatWest Group (LON:NWG) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from GBX 510 ($6.59) to GBX 550 ($7.11) in a note issued to investors on Tuesday,Digital Look reports. The firm presently has a “top pick” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.53% from the company’s current price.

Separately, Citigroup boosted their price objective on shares of NatWest Group from GBX 580 ($7.49) to GBX 615 ($7.95) and gave the company a “buy” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 477.50 ($6.17).

NatWest Group Stock Performance

NWG stock traded up GBX 1.30 ($0.02) during trading on Tuesday, reaching GBX 464 ($6.00). 2,147,000,000 shares of the company were exchanged, compared to its average volume of 80,016,672. The stock’s 50 day moving average price is GBX 441.05 and its 200 day moving average price is GBX 398.26. NatWest Group has a 52-week low of GBX 258.70 ($3.34) and a 52-week high of GBX 485.51 ($6.27). The company has a market cap of £37.14 billion, a P/E ratio of 8.33, a PEG 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 ($0.68) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, equities research analysts forecast that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity

In other NatWest Group news, insider Stuart Lewis bought 774 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were acquired at an average price of GBX 397 ($5.13) per share, with a total value of £3,072.78 ($3,970.51). 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.