NatWest Group plc (LON:NWG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

NatWest Group plc (LON:NWG) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 343.57 ($4.46).

A number of research firms have recently issued reports on NWG. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.39) price objective on shares of NatWest Group in a research note on Wednesday. Citigroup reaffirmed a “buy” rating and set a GBX 360 ($4.68) price target on shares of NatWest Group in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of NatWest Group from GBX 370 ($4.81) to GBX 420 ($5.46) and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Shore Capital downgraded NatWest Group to a “hold” rating in a research note on Monday, May 20th.

NatWest Group Stock Performance

Shares of LON:NWG opened at GBX 343.80 ($4.47) on Friday. The business’s 50-day simple moving average is GBX 330.21 and its 200 day simple moving average is GBX 293.23. The company has a market cap of £28.64 billion, a P/E ratio of 733.83, a PEG ratio of 0.46 and a beta of 1.33. NatWest Group has a one year low of GBX 168 ($2.18) and a one year high of GBX 372.70 ($4.84).

NatWest Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be given a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 8th. NatWest Group’s payout ratio is currently 3,829.79%.

Insider Transactions at NatWest Group

In other news, insider Patrick Flynn purchased 974 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was acquired at an average cost of GBX 316 ($4.11) per share, for a total transaction of £3,077.84 ($3,999.27). Corporate insiders own 19.14% 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.