Paul Thwaite Sells 260,000 Shares of NatWest Group (LON:NWG) Stock

NatWest Group plc (LON:NWG) insider Paul Thwaite sold 260,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total value of £1,794,000.

NatWest Group Stock Up 0.5%

Shares of NatWest Group stock traded up GBX 3.80 on Friday, reaching GBX 701.20. The company’s stock had a trading volume of 60,722,477 shares, compared to its average volume of 24,191,330. NatWest Group plc has a 52-week low of GBX 504 and a 52-week high of GBX 726. The company has a market capitalization of £55.81 billion, a P/E ratio of 9.40, a PEG ratio of 0.46 and a beta of 0.81. The stock has a 50-day moving average price of GBX 683.38 and a 200-day moving average price of GBX 623.43.

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

Wall Street Analysts Forecast Growth

NWG has been the topic of several recent research reports. Berenberg Bank upped their target price on shares of NatWest Group from GBX 860 to GBX 880 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 770 price objective on shares of NatWest Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Citigroup increased their target price on NatWest Group from GBX 820 to GBX 840 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 761.88.

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.