JPMorgan Chase & Co. Issues Positive Forecast for NatWest Group (LON:NWG) Stock Price

NatWest Group (LON:NWG) had its price target boosted by JPMorgan Chase & Co. from GBX 500 ($6.32) to GBX 510 ($6.44) in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

NatWest Group Price Performance

Shares of LON:NWG opened at GBX 454.11 ($5.74) on Wednesday. The firm has a market capitalization of £36.35 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The business has a 50 day simple moving average of GBX 416.26 and a two-hundred day simple moving average of GBX 380.33. NatWest Group has a 1 year low of GBX 226.50 ($2.86) and a 1 year high of GBX 455.44 ($5.75).

NatWest Group (LON:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported GBX 52.50 ($0.66) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Equities research analysts expect that NatWest Group will post 45.9724712 EPS for the current fiscal year.

Insider Transactions at NatWest Group

In related news, insider Stuart Lewis acquired 774 shares of the stock in a transaction on Thursday, January 2nd. The stock was bought at an average cost of GBX 397 ($5.02) per share, with a total value of £3,072.78 ($3,882.22). Also, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.95), for a total transaction of £2,092,284.32 ($2,643,441.97). Company insiders own 16.15% of the company’s stock.

About NatWest Group

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