NatWest Group (LON:NWG) Reaches New 12-Month High – Time to Buy?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 396.70 ($5.00) and last traded at GBX 395.11 ($4.98), with a volume of 484285531 shares traded. The stock had previously closed at GBX 393.10 ($4.95).

Wall Street Analysts Forecast Growth

A number of research firms have commented on NWG. Berenberg Bank restated a “buy” rating and issued a GBX 415 ($5.23) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Citigroup restated a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 370 ($4.66) to GBX 420 ($5.29) and gave the company an “overweight” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 351 ($4.42).

NatWest Group Price Performance

The stock’s 50-day moving average is GBX 355.13 and its 200 day moving average is GBX 335.97. The stock has a market cap of £32.90 billion, a price-to-earnings ratio of 836.38, a P/E/G ratio of 0.46 and a beta of 1.28.

Insider Activity

In related news, insider Yasmin Jetha acquired 842 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average price of GBX 344 ($4.34) per share, with a total value of £2,896.48 ($3,650.26). Insiders own 16.15% of the company’s stock.

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.