NatWest Group (LON:NWG) Reaches New 12-Month Low – What’s Next?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 290.23 and last traded at GBX 692.10, with a volume of 507755156 shares changing hands. The stock had previously closed at GBX 682.80.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup lifted their price target on NatWest Group from GBX 820 to GBX 840 and gave the company a “buy” rating in a report on Monday, August 3rd. Berenberg Bank raised their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 780 to GBX 790 and gave the company an “overweight” rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 730 price target on shares of NatWest Group in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NatWest Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 756.88.

NatWest Group Stock Performance

The stock has a market cap of £55.13 billion, a PE ratio of 9.28, a PEG ratio of 0.46 and a beta of 0.81. The stock has a fifty day moving average price of GBX 681.86 and a 200 day moving average price of GBX 622.08.

NatWest Group (LON:NWG) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. As a group, equities analysts anticipate that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insider Buying and Selling at NatWest Group

In other news, insider Albert Hitchcock bought 514 shares of the stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 668 per share, for a total transaction of £3,433.52. Also, insider Stuart Lewis purchased 497 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average cost of GBX 668 per share, with a total value of £3,319.96. Over the last three months, insiders have purchased 2,747 shares of company stock valued at $1,834,996. 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.