NatWest Group plc (LON:NWG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NatWest Group plc (LON:NWG) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 309.38 ($3.91).

NWG has been the subject of a number of research reports. Keefe, Bruyette & Woods downgraded shares of NatWest Group to an “underperform” rating and set a GBX 230 ($2.91) price target for the company. in a report on Monday, February 12th. Shore Capital reissued a “buy” rating on shares of NatWest Group in a report on Thursday, February 29th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 270 ($3.41) price target on shares of NatWest Group in a report on Thursday, March 21st. Finally, Berenberg Bank increased their price target on shares of NatWest Group from GBX 300 ($3.79) to GBX 325 ($4.11) and gave the company a “buy” rating in a report on Friday, February 16th.

NatWest Group Trading Up 1.1 %

LON NWG opened at GBX 265.70 ($3.36) on Thursday. The company has a fifty day simple moving average of GBX 232.16 and a 200 day simple moving average of GBX 221.41. The company has a market cap of £23.22 billion, a P/E ratio of 536.33, a P/E/G ratio of 0.46 and a beta of 1.34. NatWest Group has a 1 year low of GBX 168 ($2.12) and a 1 year high of GBX 277.40 ($3.51).

NatWest Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 14th will be paid a GBX 11.50 ($0.15) dividend. This is a boost from NatWest Group’s previous dividend of $5.50. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 5.37%. NatWest Group’s dividend payout ratio is currently 3,469.39%.

Insider Buying and Selling

In other news, insider Roisin Donnelly bought 1,218 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was acquired at an average price of GBX 221 ($2.79) per share, for a total transaction of £2,691.78 ($3,401.72). 30.05% of the stock is currently owned by corporate insiders.

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.