NatWest Group (LON:NWG) Hits New 52-Week High – Here’s What Happened

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high on Tuesday . The company traded as high as GBX 419.70 ($5.17) and last traded at GBX 419.04 ($5.16), with a volume of 35821449 shares trading hands. The stock had previously closed at GBX 414.80 ($5.11).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued a “top pick” rating on shares of NatWest Group in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 351 ($4.32).

NatWest Group Stock Performance

The firm’s 50-day moving average is GBX 400.46 and its two-hundred day moving average is GBX 364.99. The stock has a market cap of £35.08 billion, a P/E ratio of 895.91, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last released its earnings results on Friday, October 25th. The company reported GBX 13.70 ($0.17) earnings per share for the quarter. NatWest Group had a return on equity of 12.28% and a net margin of 32.31%. As a group, research analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

Insider Activity

In other news, insider Katie Murray sold 533,746 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.83), for a total value of £2,092,284.32 ($2,575,753.19). Also, insider Stuart Lewis acquired 774 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average price of GBX 397 ($4.89) per share, with a total value of £3,072.78 ($3,782.81). Insiders own 16.15% of the company’s stock.

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.