NatWest Group (LON:NWG) Price Target Raised to GBX 220 at Barclays

NatWest Group (LON:NWG) had its price objective hoisted by Barclays from GBX 200 ($2.61) to GBX 220 ($2.87) in a research report released on Tuesday morning, Price Targets.com reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on the company. Berenberg Bank restated a buy rating and set a GBX 230 ($3.00) price target on shares of NatWest Group in a research note on Monday, May 24th. Deutsche Bank Aktiengesellschaft raised their price target on NatWest Group from GBX 170 ($2.22) to GBX 210 ($2.74) and gave the stock a hold rating in a research note on Monday, April 12th. Bank of America reaffirmed a buy rating and set a GBX 425 ($5.55) price objective on shares of NatWest Group in a research report on Tuesday, May 18th. JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 190 ($2.48) to GBX 210 ($2.74) and gave the stock a neutral rating in a research report on Monday, March 22nd. Finally, Royal Bank of Canada raised NatWest Group to an outperform rating and increased their price objective for the stock from GBX 190 ($2.48) to GBX 240 ($3.14) in a research report on Thursday, May 20th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 255.83 ($3.34).

NWG opened at GBX 203.30 ($2.66) on Tuesday. NatWest Group has a one year low of GBX 90.54 ($1.18) and a one year high of GBX 214.20 ($2.80). The stock has a market cap of £23.13 billion and a P/E ratio of -58.09. The firm has a 50-day simple moving average of GBX 199.38.

In related news, insider Katie Murray purchased 95,082 shares of the company’s stock in a transaction on Wednesday, May 12th. The stock was bought at an average price of GBX 2.57 ($0.03) per share, with a total value of £2,443.61 ($3,192.59). Insiders have acquired 95,306 shares of company stock valued at $289,391 in the last three months.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers. It operates through Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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