Citigroup reaffirmed their buy rating on shares of NatWest Group (LON:NWG – Free Report) 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).
Get Our Latest Stock Report on NWG
NatWest Group Trading Down 8.1 %
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.
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