NatWest Group’s (NWG) “Buy” Rating Reiterated at Citigroup

NatWest Group (LON:NWG)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a research report issued to clients and investors on Monday, LSE.Co.UK reports. They presently have a GBX 360 ($4.66) price target on the stock. Citigroup’s price target suggests a potential downside of 2.52% from the company’s previous close.

A number of other equities research analysts have also weighed in on NWG. JPMorgan Chase & Co. boosted their price objective on NatWest Group from GBX 350 ($4.53) to GBX 370 ($4.79) and gave the stock an “overweight” rating in a research report on Wednesday, July 3rd. Shore Capital lowered NatWest Group to a “hold” rating in a research report on Monday, May 20th. Finally, Peel Hunt began coverage on NatWest Group in a research report on Friday, April 19th. They set a “buy” rating and a GBX 330 ($4.27) price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group currently has an average rating of “Moderate Buy” and an average price target of GBX 330.63 ($4.28).

NatWest Group Price Performance

NWG stock traded up GBX 7.40 ($0.10) during midday trading on Monday, reaching GBX 369.30 ($4.78). 2,147,000,000 shares of the stock were exchanged, compared to its average volume of 42,161,496. The stock has a market capitalization of £32.24 billion, a PE ratio of 786.17, a P/E/G ratio of 0.46 and a beta of 1.31. NatWest Group has a 52 week low of GBX 168 ($2.17) and a 52 week high of GBX 372.70 ($4.82). The company has a fifty day moving average price of GBX 318.92 and a 200 day moving average price of GBX 276.78.

Insider Buying and Selling at NatWest Group

In other NatWest Group news, insider Patrick Flynn acquired 974 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were bought at an average cost of GBX 316 ($4.09) per share, with a total value of £3,077.84 ($3,980.65). In other NatWest Group news, insider Patrick Flynn acquired 974 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were bought at an average cost of GBX 316 ($4.09) per share, with a total value of £3,077.84 ($3,980.65). Also, insider Mark Seligman acquired 159 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of GBX 303 ($3.92) per share, for a total transaction of £481.77 ($623.09). Corporate insiders own 27.08% of the company’s stock.

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.