NatWest Group (LON:NWG) Sets New 1-Year High – Should You Buy?

NatWest Group plc (LON:NWG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 450 ($5.56) and last traded at GBX 445.52 ($5.51), with a volume of 18142055 shares. The stock had previously closed at GBX 441.40 ($5.45).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed 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 issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 351 ($4.34).

NatWest Group Trading Up 0.9 %

The company has a 50-day moving average price of GBX 410.38 and a two-hundred day moving average price of GBX 375.06. The stock has a market capitalization of £37.11 billion, a P/E ratio of 947.91, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

Insiders Place Their Bets

In other NatWest Group news, insider Katie Murray sold 533,746 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.84), for a total transaction of £2,092,284.32 ($2,585,620.76). Also, insider Stuart Lewis bought 774 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was purchased at an average cost of GBX 397 ($4.91) per share, for a total transaction of £3,072.78 ($3,797.31). 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.