NatWest Group (LON:NWG) Hits New 1-Year High – Here’s Why

NatWest Group plc (LON:NWG)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 436.60 ($5.43) and last traded at GBX 435.10 ($5.41), with a volume of 24645250 shares. The stock had previously closed at GBX 425.20 ($5.29).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated a “top pick” rating on shares of NatWest Group in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 351 ($4.37).

NatWest Group Stock Performance

The firm’s 50-day moving average is GBX 403.54 and its two-hundred day moving average is GBX 368.44. The stock has a market cap of £36.24 billion, a P/E ratio of 925.74, a PEG ratio of 0.46 and a beta of 1.28.

Insider Transactions at NatWest Group

In other NatWest Group news, insider Katie Murray sold 533,746 shares of NatWest Group stock in a transaction on Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.88), for a total transaction of £2,092,284.32 ($2,603,315.07). Also, insider Stuart Lewis purchased 774 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was bought at an average cost of GBX 397 ($4.94) per share, for a total transaction of £3,072.78 ($3,823.29). 16.15% of the stock is currently owned by corporate insiders.

NatWest Group Company Profile

NatWest Group is a UK-focused banking organisation, serving over 19 million customers, with business operations stretching across retail, commercial and private banking markets.