NatWest Group (LON:NWG) Hits New 1-Year High – What’s Next?

NatWest Group plc (LON:NWG)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 396.70 ($5.00) and last traded at GBX 395.11 ($4.98), with a volume of 484285531 shares traded. The stock had previously closed at GBX 393.10 ($4.95).

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 370 ($4.66) to GBX 420 ($5.29) and gave the stock an “overweight” rating in a research note on Monday, July 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 415 ($5.23) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Finally, Citigroup restated a “buy” rating on shares of NatWest Group in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 351 ($4.42).

NatWest Group Stock Performance

The firm has a 50-day moving average price of GBX 355.13 and a two-hundred day moving average price of GBX 335.97. The firm has a market cap of £32.90 billion, a price-to-earnings ratio of 836.38, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

Insiders Place Their Bets

In other news, insider Yasmin Jetha acquired 842 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were bought at an average price of GBX 344 ($4.34) per share, with a total value of £2,896.48 ($3,650.26). 16.15% of the stock is owned by corporate 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.