NatWest Group plc (LON:NWG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NatWest Group plc (LON:NWG) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 319.29 ($4.13).

Several analysts recently commented on the company. Peel Hunt assumed coverage on NatWest Group in a report on Friday, April 19th. They set a “buy” rating and a GBX 330 ($4.27) target price on the stock. Shore Capital lowered NatWest Group to a “hold” rating in a report on Monday, May 20th. JPMorgan Chase & Co. raised 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 report on Wednesday, July 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a report on Monday, July 8th.

NatWest Group Stock Performance

Shares of NWG stock opened at GBX 366.30 ($4.74) on Wednesday. The stock’s 50-day simple moving average is GBX 318.92 and its 200-day simple moving average is GBX 276.78. The firm has a market capitalization of £31.98 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).

NatWest Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 1.77%. NatWest Group’s dividend payout ratio is currently 3,617.02%.

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

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.