NatWest Group plc (LON:NWG) Declares Dividend of GBX 6

NatWest Group plc (LON:NWG) announced a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be given a dividend of GBX 6 ($0.08) per share on Friday, September 13th. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be accessed at this link.

NatWest Group Trading Up 3.0 %

NWG opened at GBX 332.60 ($4.25) on Wednesday. The stock has a market capitalization of £29.04 billion, a P/E ratio of 687.23, a P/E/G ratio of 0.46 and a beta of 1.31. NatWest Group has a 12 month low of GBX 168 ($2.15) and a 12 month high of GBX 372.70 ($4.76). The firm’s fifty day simple moving average is GBX 323.41 and its 200 day simple moving average is GBX 283.45.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NWG. JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 370 ($4.73) to GBX 420 ($5.37) and gave the company an “overweight” rating in a research report on Monday, July 29th. Citigroup reissued a “buy” rating and set a GBX 360 ($4.60) price target on shares of NatWest Group in a research report on Monday, July 29th. Shore Capital cut shares of NatWest Group to a “hold” rating in a research report on Monday, May 20th. Finally, Peel Hunt began coverage on shares of NatWest Group in a report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.22) target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 330.71 ($4.23).

Insider Activity

In related news, insider Patrick Flynn purchased 974 shares of the stock in a transaction on Monday, July 1st. The shares were purchased at an average cost of GBX 316 ($4.04) per share, with a total value of £3,077.84 ($3,933.34). 27.08% of the stock is owned by insiders.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.