NatWest Group (LON:NWG) Announces Earnings Results

NatWest Group (LON:NWG) posted its earnings results on Friday. The company reported GBX 52.50 ($0.66) EPS for the quarter, Digital Look Earnings reports. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%.

NatWest Group Price Performance

NWG traded down GBX 8.90 ($0.11) during trading on Friday, reaching GBX 428.10 ($5.38). 27,254,506 shares of the stock were exchanged, compared to its average volume of 23,686,438. NatWest Group has a 1 year low of GBX 206.80 ($2.60) and a 1 year high of GBX 455.44 ($5.72). The business’s 50 day moving average price is GBX 412.58 and its two-hundred day moving average price is GBX 376.89. The company has a market capitalization of £34.27 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.46 and a beta of 1.28.

Insider Activity

In other news, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.93), for a total value of £2,092,284.32 ($2,629,488.90). Also, insider Stuart Lewis acquired 774 shares of NatWest Group stock in a transaction dated Thursday, January 2nd. The stock was bought at an average price of GBX 397 ($4.99) per share, for a total transaction of £3,072.78 ($3,861.73). Company insiders own 16.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated a “top pick” rating on shares of NatWest Group in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group presently has a consensus rating of “Buy” and an average price target of GBX 381.25 ($4.79).

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.