JPMorgan Chase & Co. Boosts NatWest Group (LON:NWG) Price Target to GBX 550

NatWest Group (LON:NWG) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 510 ($6.57) to GBX 550 ($7.08) in a research report issued on Tuesday, MarketBeat reports. The brokerage presently has a “top pick” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.66% from the company’s current price.

Separately, Citigroup upped their price target on shares of NatWest Group from GBX 580 ($7.47) to GBX 615 ($7.92) and gave the stock a “buy” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 477.50 ($6.15).

NatWest Group Stock Up 0.1 %

LON:NWG opened at GBX 463.50 ($5.97) on Tuesday. The firm has a market capitalization of £37.10 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a twelve month low of GBX 259.60 ($3.34) and a twelve month high of GBX 485.51 ($6.25). The stock’s 50-day simple moving average is GBX 443.78 and its 200 day simple moving average is GBX 400.09.

NatWest Group (LON:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. On average, analysts anticipate that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stuart Lewis acquired 774 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of GBX 397 ($5.11) per share, for a total transaction of £3,072.78 ($3,956.20). 16.15% of the stock is owned by corporate insiders.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.