NatWest Group (LON:NWG) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt assumed coverage on shares of NatWest Group (LON:NWG) in a research note released on Friday, MarketBeat reports. The firm issued a buy rating and a GBX 330 ($4.08) price target on the stock.

A number of other research analysts also recently issued reports on the company. Berenberg Bank boosted their price target on NatWest Group from GBX 300 ($3.71) to GBX 325 ($4.01) and gave the company a buy rating in a report on Friday, February 16th. Keefe, Bruyette & Woods downgraded NatWest Group to an underperform rating and set a GBX 230 ($2.84) target price on the stock. in a report on Monday, February 12th. JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 270 ($3.33) to GBX 290 ($3.58) and gave the stock an overweight rating in a report on Tuesday, April 9th. Finally, Shore Capital reiterated a buy rating on shares of NatWest Group in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of GBX 313.89 ($3.88).

NatWest Group Price Performance

Shares of LON:NWG opened at GBX 279.70 ($3.45) on Friday. NatWest Group has a 1 year low of GBX 168 ($2.08) and a 1 year high of GBX 282.18 ($3.49). The company has a market cap of £24.45 billion, a PE ratio of 570.82, a P/E/G ratio of 0.46 and a beta of 1.34. The stock’s 50-day moving average is GBX 252.56 and its 200 day moving average is GBX 226.50.

NatWest Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 14th will be given a GBX 11.50 ($0.14) dividend. This is a boost from NatWest Group’s previous dividend of $5.50. This represents a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, March 14th. NatWest Group’s payout ratio is currently 3,469.39%.

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.