NatWest Group plc (LON:NWG) Receives GBX 343.57 Consensus Price Target from Brokerages

NatWest Group plc (LON:NWG) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 343.57 ($4.54).

NWG has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on NatWest Group from GBX 370 ($4.89) to GBX 420 ($5.55) and gave the stock an “overweight” rating in a report on Monday, July 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.48) target price 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.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Patrick Flynn purchased 974 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average cost of GBX 316 ($4.17) per share, with a total value of £3,077.84 ($4,065.84). Company insiders own 18.11% of the company’s stock.

NatWest Group Stock Up 1.0 %

NWG stock opened at GBX 338.30 ($4.47) on Thursday. The business’s fifty day moving average is GBX 338.42 and its 200-day moving average is GBX 308.91. The company has a market cap of £28.18 billion, a P/E ratio of 728.26, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. NatWest Group has a twelve month low of GBX 168 ($2.22) and a twelve month high of GBX 372.70 ($4.92).

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were paid a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.77%. The ex-dividend date was Thursday, August 8th. NatWest Group’s dividend payout ratio (DPR) is presently 3,913.04%.

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.