NatWest Group (LON:NWG – Get Rating) had its target price boosted by Barclays from GBX 315 ($3.86) to GBX 400 ($4.90) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. Barclays currently has an overweight rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reaffirmed an overweight rating on shares of NatWest Group in a research report on Wednesday, May 11th. Berenberg Bank lifted their price target on shares of NatWest Group from GBX 300 ($3.68) to GBX 350 ($4.29) and gave the company a buy rating in a research report on Monday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of NatWest Group from GBX 240 ($2.94) to GBX 250 ($3.06) and gave the company a neutral rating in a research report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NatWest Group from GBX 315 ($3.86) to GBX 330 ($4.04) and gave the company a buy rating in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada lifted their price target on shares of NatWest Group from GBX 250 ($3.06) to GBX 330 ($4.04) and gave the company an outperform rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NatWest Group has an average rating of Moderate Buy and an average price target of GBX 342 ($4.19).
NatWest Group Trading Up 1.3 %
LON:NWG opened at GBX 253.20 ($3.10) on Wednesday. The company has a 50-day moving average price of GBX 226.18 and a 200-day moving average price of GBX 224.79. NatWest Group has a 12 month low of GBX 182.85 ($2.24) and a 12 month high of GBX 258.10 ($3.16). The stock has a market cap of £26.35 billion and a price-to-earnings ratio of 972.31.
NatWest Group Cuts Dividend
Insider Activity at NatWest Group
In other NatWest Group news, insider Lena Wilson bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was bought at an average cost of GBX 220 ($2.70) per share, for a total transaction of £22,000 ($26,957.48).
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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