NatWest Group (LON:NWG) Releases Quarterly Earnings Results

NatWest Group (LON:NWG) posted its earnings results on Friday. The company reported GBX 38.10 earnings per share for the quarter, Digital Look Earnings reports. NatWest Group had a net margin of 20.89% and a return on equity of 16.16%.

NatWest Group Price Performance

Shares of NWG opened at GBX 705.80 on Friday. The company has a 50-day simple moving average of GBX 642.69 and a two-hundred day simple moving average of GBX 615.37. The firm has a market capitalization of £56.18 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 0.81. NatWest Group has a one year low of GBX 500.20 and a one year high of GBX 722.60.

Insider Transactions at NatWest Group

In other news, insider Richard Haythornthwait purchased 1,775 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of GBX 556 per share, for a total transaction of £9,869. Also, insider Stuart Lewis purchased 497 shares of NatWest Group stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 668 per share, for a total transaction of £3,319.96. In the last three months, insiders have purchased 6,761 shares of company stock worth $4,066,780. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

NWG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 725 price target on shares of NatWest Group in a research report on Tuesday, May 5th. Shore Capital Group raised NatWest Group to a “hold” rating in a research note on Friday, May 1st. Berenberg Bank reissued a “buy” rating and set a GBX 860 target price on shares of NatWest Group in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 840 price target on shares of NatWest Group in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NatWest Group from GBX 750 to GBX 780 and gave the company an “overweight” rating in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 743.75.

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.