Insider Buying: NatWest Group plc (LON:NWG) Insider Buys £2,896.48 in Stock

NatWest Group plc (LON:NWG) insider Yasmin Jetha acquired 842 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average cost of GBX 344 ($4.60) per share, for a total transaction of £2,896.48 ($3,874.37).

NatWest Group Stock Performance

Shares of LON NWG opened at GBX 342.50 ($4.58) on Friday. The firm’s 50 day moving average price is GBX 340.02 and its 200-day moving average price is GBX 315.66. The company has a market cap of £28.53 billion, a PE ratio of 728.72, a P/E/G ratio of 0.46 and a beta of 1.28. NatWest Group plc has a 52-week low of GBX 168 ($2.25) and a 52-week high of GBX 372.70 ($4.99).

NatWest Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were paid a GBX 6 ($0.08) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1.77%. NatWest Group’s dividend payout ratio is presently 3,829.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NWG. Citigroup reissued a “buy” rating on shares of NatWest Group in a research note on Monday, September 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 415 ($5.55) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 370 ($4.95) to GBX 420 ($5.62) and gave the stock an “overweight” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy” and an average price target of GBX 347.50 ($4.65).

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.