NatWest Group (LON:NWG) Hits New 1-Year High – What’s Next?

NatWest Group plc (LON:NWG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 471.20 ($5.98) and last traded at GBX 470.90 ($5.97), with a volume of 34554938 shares changing hands. The stock had previously closed at GBX 467 ($5.92).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 500 ($6.34) to GBX 510 ($6.47) and gave the company an “overweight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 403.75 ($5.12).

NatWest Group Stock Up 0.8 %

The stock’s 50-day moving average price is GBX 419.22 and its 200 day moving average price is GBX 383.69. The company has a market cap of £37.69 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last issued its earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.67) EPS for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. Analysts expect that NatWest Group plc will post 45.9724712 earnings per share for the current fiscal year.

Insider Activity

In other NatWest Group news, insider Stuart Lewis bought 774 shares of NatWest Group stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average price of GBX 397 ($5.03) per share, for a total transaction of £3,072.78 ($3,896.99). 16.15% of the stock is currently owned by company insiders.

NatWest Group Company Profile

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