Insider Buying: NatWest Group plc (LON:NWG) Insider Buys £481.77 in Stock

NatWest Group plc (LON:NWG) insider Mark Seligman acquired 159 shares of the stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of GBX 303 ($3.81) per share, with a total value of £481.77 ($605.16).

NatWest Group Stock Up 0.6 %

Shares of NWG opened at GBX 305 ($3.83) on Friday. NatWest Group plc has a twelve month low of GBX 168 ($2.11) and a twelve month high of GBX 310 ($3.89). The company has a market capitalization of £26.66 billion, a P/E ratio of 622.45, a price-to-earnings-growth ratio of 0.46 and a beta of 1.34. The firm has a 50 day moving average of GBX 264.85 and a 200 day moving average of GBX 230.47.

NatWest Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, March 14th were paid a GBX 11.50 ($0.14) dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 5.37%. This is a boost from NatWest Group’s previous dividend of $5.50. NatWest Group’s payout ratio is currently 3,469.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Shore Capital restated a “buy” rating on shares of NatWest Group in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 270 ($3.39) to GBX 290 ($3.64) and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Berenberg Bank raised their target price on shares of NatWest Group from GBX 300 ($3.77) to GBX 325 ($4.08) and gave the company a “buy” rating in a research note on Friday, February 16th. Peel Hunt began coverage on NatWest Group in a research report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.15) price target on the stock. Finally, Keefe, Bruyette & Woods lowered NatWest Group to an “underperform” rating and set a GBX 230 ($2.89) price objective for the company. in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 309.38 ($3.89).

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.