NatWest Group (LON:NWG) Hits New 52-Week High – Here’s Why

Shares of NatWest Group plc (LON:NWG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 396.70 ($5.03) and last traded at GBX 395.11 ($5.01), with a volume of 484285531 shares. The stock had previously closed at GBX 393.10 ($4.99).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NWG shares. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.27) target price on shares of NatWest Group in a research report on Wednesday, August 21st. Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on NatWest Group from GBX 370 ($4.70) to GBX 420 ($5.33) and gave the company an “overweight” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351 ($4.45).

NatWest Group Stock Up 0.4 %

The business’s fifty day moving average price is GBX 357.64 and its 200 day moving average price is GBX 337.23. The firm has a market capitalization of £32.80 billion, a PE ratio of 834.04, a PEG ratio of 0.46 and a beta of 1.28.

Insider Buying and Selling at NatWest Group

In other news, insider Yasmin Jetha acquired 842 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average cost of GBX 344 ($4.37) per share, for a total transaction of £2,896.48 ($3,675.74). 16.15% of the stock is 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.