NatWest Group’s (NWG) Buy Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of NatWest Group (LON:NWG) in a report published on Monday morning, MarketBeat reports. The brokerage currently has a GBX 360 ($4.63) target price on the stock.

A number of other equities research analysts also recently issued reports on the stock. 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 ($4.24) price target on the stock. Shore Capital downgraded shares of NatWest Group to a hold rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of NatWest Group from GBX 350 ($4.50) to GBX 370 ($4.76) and gave the stock an overweight rating in a report on Wednesday, July 3rd. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of GBX 330.63 ($4.25).

NatWest Group Trading Down 8.1 %

Shares of NatWest Group stock opened at GBX 338.40 ($4.35) on Monday. NatWest Group has a 12-month low of GBX 168 ($2.16) and a 12-month high of GBX 372.70 ($4.79). The company has a market cap of £29.54 billion, a price-to-earnings ratio of 720.00, a PEG ratio of 0.46 and a beta of 1.31. The company’s 50-day moving average price is GBX 322.57 and its 200-day moving average price is GBX 280.51.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be given a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.77%. The ex-dividend date is Thursday, August 8th. NatWest Group’s dividend payout ratio (DPR) is 3,617.02%.

Insider Buying and Selling at NatWest Group

In other NatWest Group news, insider Patrick Flynn purchased 974 shares of NatWest Group stock in a transaction on Monday, July 1st. The shares were acquired at an average cost of GBX 316 ($4.06) per share, for a total transaction of £3,077.84 ($3,959.15). Company 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.