NatWest Group (LON:NWG) Hits New 52-Week High at $332.70

NatWest Group plc (LON:NWG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 332.70 ($4.26) and last traded at GBX 329.40 ($4.22), with a volume of 40669121 shares. The stock had previously closed at GBX 324.80 ($4.16).

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on NatWest Group from GBX 350 ($4.48) to GBX 370 ($4.74) and gave the stock an “overweight” rating in a research note on Wednesday, July 3rd. Peel Hunt began coverage on shares of NatWest Group in a research note on Friday, April 19th. They set a “buy” rating and a GBX 330 ($4.23) price target for the company. Shore Capital cut shares of NatWest Group to a “hold” rating in a research note on Monday, May 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research note on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 319.29 ($4.09).

NatWest Group Stock Up 0.0 %

The company has a market cap of £28.17 billion, a price-to-earnings ratio of 686.60, a P/E/G ratio of 0.46 and a beta of 1.31. The stock has a fifty day moving average price of GBX 314.56 and a two-hundred day moving average price of GBX 267.16.

Insider Transactions at NatWest Group

In other news, insider Patrick Flynn bought 974 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was bought at an average price of GBX 316 ($4.05) per share, with a total value of £3,077.84 ($3,942.41). In related news, insider Patrick Flynn purchased 974 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of GBX 316 ($4.05) per share, for a total transaction of £3,077.84 ($3,942.41). Also, insider Mark Seligman purchased 159 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of GBX 303 ($3.88) per share, for a total transaction of £481.77 ($617.10). Insiders own 27.08% of the company’s stock.

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.