NatWest Group (LON:NWG) Price Target Raised to GBX 370 at JPMorgan Chase & Co.

NatWest Group (LON:NWG) had its target price hoisted by analysts at JPMorgan Chase & Co. from GBX 350 ($4.43) to GBX 370 ($4.68) in a report released on Wednesday, Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.09% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Shore Capital downgraded shares of NatWest Group to a “hold” rating in a report on Monday, May 20th. Peel Hunt assumed coverage on shares of NatWest Group in a report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.17) price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 319.38 ($4.04).

NatWest Group Price Performance

Shares of NWG stock traded up GBX 4.40 ($0.06) on Wednesday, hitting GBX 321.50 ($4.07). 17,124,672 shares of the stock traded hands, compared to its average volume of 28,771,338. The firm has a market cap of £28.07 billion, a price-to-earnings ratio of 684.04, a PEG ratio of 0.46 and a beta of 1.31. NatWest Group has a 52 week low of GBX 168 ($2.12) and a 52 week high of GBX 329.80 ($4.17). The firm has a 50 day simple moving average of GBX 311.86 and a two-hundred day simple moving average of GBX 263.40.

Insider Buying and Selling

In other news, insider Patrick Flynn purchased 974 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average cost of GBX 316 ($4.00) per share, with a total value of £3,077.84 ($3,893.04). In related news, insider Patrick Flynn acquired 974 shares of the stock in a transaction on Monday, July 1st. The stock was bought at an average cost of GBX 316 ($4.00) per share, with a total value of £3,077.84 ($3,893.04). Also, insider Mark Seligman acquired 159 shares of the stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of GBX 303 ($3.83) per share, with a total value of £481.77 ($609.37). 27.08% 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.