NatWest Group (LON:NWG) Hits New 52-Week Low – Here’s Why

NatWest Group plc (LON:NWGGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 4.61 ($0.06) and last traded at GBX 466.70 ($6.07), with a volume of 147410406 shares trading hands. The stock had previously closed at GBX 464.90 ($6.04).

Analysts Set New Price Targets

Several brokerages recently issued reports on NWG. JPMorgan Chase & Co. boosted their price target on NatWest Group from GBX 500 ($6.50) to GBX 510 ($6.63) and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Citigroup raised their target price on NatWest Group from GBX 580 ($7.54) to GBX 615 ($8.00) and gave the stock a “buy” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 467.50 ($6.08).

Read Our Latest Stock Analysis on NWG

NatWest Group Price Performance

The company’s 50 day moving average price is GBX 434.84 and its 200 day moving average price is GBX 394.75. The firm has a market capitalization of £37.31 billion, a P/E ratio of 8.37, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWGGet Free Report) last released its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.68) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. On average, research analysts anticipate that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Activity at NatWest Group

In other news, insider Stuart Lewis purchased 774 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were bought at an average cost of GBX 397 ($5.16) per share, for a total transaction of £3,072.78 ($3,994.77). 16.15% of the stock is owned by insiders.

About NatWest Group

(Get Free Report)

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

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