NatWest Group plc (LON:NWG) to Issue GBX 6 Dividend

NatWest Group plc (LON:NWG) declared a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 6 ($0.08) per share on Friday, September 13th. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be seen at this link.

NatWest Group Stock Performance

Shares of NWG stock opened at GBX 361.90 ($4.68) on Friday. The stock’s 50-day simple moving average is GBX 318.92 and its 200-day simple moving average is GBX 276.01. The firm has a market capitalization of £31.59 billion, a PE ratio of 770.00, a P/E/G ratio of 0.46 and a beta of 1.31. NatWest Group has a fifty-two week low of GBX 168 ($2.17) and a fifty-two week high of GBX 368.90 ($4.77).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NWG. Peel Hunt began coverage on NatWest Group in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.27) target price on the stock. Shore Capital downgraded NatWest Group to a “hold” rating in a research note on Monday, May 20th. Citigroup restated a “buy” rating on shares of NatWest Group in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 350 ($4.53) to GBX 370 ($4.79) and gave the stock an “overweight” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NatWest Group has a consensus rating of “Moderate Buy” and an average price target of GBX 319.29 ($4.13).

Insiders Place Their Bets

In other NatWest Group news, insider Mark Seligman purchased 159 shares of the stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of GBX 303 ($3.92) per share, for a total transaction of £481.77 ($623.09). In other news, insider Patrick Flynn bought 974 shares of NatWest Group stock in a transaction on Monday, July 1st. The stock was acquired at an average price of GBX 316 ($4.09) per share, with a total value of £3,077.84 ($3,980.65). Also, insider Mark Seligman bought 159 shares of NatWest Group stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of GBX 303 ($3.92) per share, with a total value of £481.77 ($623.09). 27.08% of the stock is currently owned by company insiders.

NatWest Group Company Profile

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.