NatWest Group (LON:NWG) Receives New Coverage from Analysts at Peel Hunt

Peel Hunt started coverage on shares of NatWest Group (LON:NWG) in a research report sent to investors on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a GBX 330 ($4.11) price objective on the stock.

Several other brokerages also recently issued reports on NWG. Berenberg Bank raised their target price on shares of NatWest Group from GBX 300 ($3.73) to GBX 325 ($4.05) and gave the company a buy rating in a research note on Friday, February 16th. Keefe, Bruyette & Woods downgraded shares of NatWest Group to an underperform rating and set a GBX 230 ($2.86) target price for the company. in a research note on Monday, February 12th. Shore Capital reiterated a buy rating on shares of NatWest Group in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of NatWest Group from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the company an overweight rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, NatWest Group currently has an average rating of Moderate Buy and a consensus price target of GBX 313.89 ($3.91).

NatWest Group Stock Performance

Shares of LON:NWG opened at GBX 276.70 ($3.44) on Friday. NatWest Group has a 52-week low of GBX 168 ($2.09) and a 52-week high of GBX 281 ($3.50). The company has a market capitalization of £24.18 billion, a P/E ratio of 564.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.34. The company has a 50-day simple moving average of GBX 251.12 and a 200 day simple moving average of GBX 226.08.

NatWest Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 14th will be given a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date is Thursday, March 14th. This is an increase from NatWest Group’s previous dividend of $5.50. This represents a yield of 5.37%. NatWest Group’s dividend payout ratio (DPR) is 3,469.39%.

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.