NatWest Group (LON:NWG) Stock Breaks Above 200-Day Moving Average – Here’s Why

NatWest Group plc (LON:NWG) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 635.90 and traded as high as GBX 642.40. NatWest Group shares last traded at GBX 642.20, with a volume of 2,147,000,000 shares trading hands.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 840 price objective on shares of NatWest Group in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 770 target price on shares of NatWest Group in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their target price on NatWest Group from GBX 790 to GBX 830 and gave the company a “neutral” rating in a report on Tuesday, September 15th. Citigroup upped their price target on NatWest Group from GBX 840 to GBX 860 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 725 price target on shares of NatWest Group in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 800.71.

NatWest Group Stock Performance

The firm has a market capitalization of £51.31 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. The business has a 50 day simple moving average of GBX 676.07 and a two-hundred day simple moving average of GBX 635.92.

NatWest Group (LON:NWG) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 38.10 earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 16.16% and a net margin of 21.17%. On average, equities analysts anticipate that NatWest Group plc will post 45.97 earnings per share for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Katie Murray sold 111,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of GBX 690, for a total value of £765,900. Also, insider Paul Thwaite sold 260,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of GBX 690, for a total transaction of £1,794,000. Over the last three months, insiders acquired 396 shares of company stock valued at $261,386. Company 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.