NatWest Group’s (NWG) “Buy” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of NatWest Group (LON:NWG) in a research report report published on Monday, MarketBeat Ratings reports.

Several other analysts also recently weighed in on the stock. Peel Hunt started coverage on shares of NatWest Group in a research note on Friday, April 19th. They issued a buy rating and a GBX 330 ($4.23) price target for the company. Shore Capital downgraded NatWest Group to a hold rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased their target price on NatWest Group from GBX 350 ($4.48) to GBX 370 ($4.74) and gave the company an overweight rating in a report on Wednesday, July 3rd. One 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 stock has an average rating of Moderate Buy and a consensus target price of GBX 319.29 ($4.09).

NatWest Group Stock Performance

NWG stock opened at GBX 326.80 ($4.19) on Monday. The company has a market capitalization of £28.53 billion, a PE ratio of 695.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.31. NatWest Group has a one year low of GBX 168 ($2.15) and a one year high of GBX 332.70 ($4.26). The company’s 50 day moving average price is GBX 315.39 and its two-hundred day moving average price is GBX 267.96.

Insider Activity at NatWest Group

In other NatWest Group news, insider Mark Seligman bought 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). In related news, insider Patrick Flynn acquired 974 shares of the stock in a transaction on Monday, July 1st. The stock was acquired at an average cost of GBX 316 ($4.05) per share, for a total transaction of £3,077.84 ($3,942.41). Also, insider Mark Seligman bought 159 shares of NatWest Group stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of GBX 303 ($3.88) per share, for a total transaction of £481.77 ($617.10). 27.08% of the stock is owned by company 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.