Insider Buying: NatWest Group plc (LON:NWG) Insider Buys 261 Shares of Stock

NatWest Group plc (LON:NWG) insider Lena Wilson bought 261 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were acquired at an average price of GBX 454 ($5.87) per share, with a total value of £1,184.94 ($1,530.93).

NatWest Group Stock Performance

LON:NWG traded up GBX 7 ($0.09) during trading hours on Tuesday, reaching GBX 458.80 ($5.93). The stock had a trading volume of 17,772,939 shares, compared to its average volume of 42,452,816. The stock has a market capitalization of £36.73 billion, a PE ratio of 8.24, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group plc has a 52 week low of GBX 263.70 ($3.41) and a 52 week high of GBX 485.51 ($6.27). The company has a 50 day moving average price of GBX 446.60 and a two-hundred day moving average price of GBX 402.82.

NatWest Group (LON:NWG) last announced its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Equities research analysts predict that NatWest Group plc will post 45.9724712 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NWG shares. Citigroup increased 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 report on Thursday, March 6th. JPMorgan Chase & Co. raised their target price on shares of NatWest Group from GBX 510 ($6.59) to GBX 550 ($7.11) and gave the company a “top pick” rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NatWest Group presently has a consensus rating of “Buy” and a consensus price target of GBX 477.50 ($6.17).

About NatWest Group

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