Berenberg Bank Reaffirms “Buy” Rating for NatWest Group (LON:NWG)

NatWest Group (LON:NWG)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 860 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 30.94% from the stock’s current price.

Several other research analysts also recently issued reports on NWG. JPMorgan Chase & Co. upped their price target on shares of NatWest Group from GBX 750 to GBX 780 and gave the stock an “overweight” rating in a report on Monday, April 13th. Jefferies Financial Group reduced their price objective on NatWest Group from GBX 750 to GBX 730 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 840 target price on shares of NatWest Group in a report on Tuesday, May 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research note on Tuesday, May 5th. Finally, Shore Capital Group upgraded NatWest Group to a “hold” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 743.75.

NatWest Group Trading Down 0.1%

NWG stock opened at GBX 656.80 on Wednesday. The stock has a market capitalization of £52.30 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. The firm has a 50-day moving average price of GBX 596.02 and a 200-day moving average price of GBX 609.33. NatWest Group has a 12 month low of GBX 471 and a 12 month high of GBX 705.40.

Insider Activity at NatWest Group

In related news, insider Roisin Donnelly acquired 466 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of GBX 556 per share, for a total transaction of £2,590.96. Also, insider Patrick Flynn acquired 415 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of GBX 556 per share, with a total value of £2,307.40. Insiders have acquired 4,014 shares of company stock valued at $2,231,784 in the last quarter. Insiders own 0.21% of the company’s stock.

NatWest Group Company Profile

We’re a UK-focussed bank serving over 20 million customers, with businesses across retail, commercial and private banking markets.

With a brand history stretching back nearly 300 years, we have our roots in the communities we serve across every nation and region of the UK. Our brands include NatWest, Royal Bank of Scotland, Ulster Bank and Coutts.