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

NatWest Group plc (LON:NWG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 378.50 ($4.91) and last traded at GBX 377.95 ($4.91), with a volume of 347723188 shares traded. The stock had previously closed at GBX 360.60 ($4.68).

Wall Street Analysts Forecast Growth

NWG has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 415 ($5.39) target price on shares of NatWest Group in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of NatWest Group from GBX 370 ($4.80) to GBX 420 ($5.45) and gave the stock an “overweight” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.51).

NatWest Group Price Performance

The firm has a market capitalization of £31.38 billion, a P/E ratio of 767.23, a PEG ratio of 0.46 and a beta of 1.28. The company has a fifty day moving average of GBX 343.78 and a 200 day moving average of GBX 325.

Insider Transactions at NatWest Group

In other news, insider Yasmin Jetha acquired 842 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of GBX 344 ($4.47) per share, for a total transaction of £2,896.48 ($3,760.69). Corporate insiders own 16.15% of the company’s stock.

NatWest Group Company Profile

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.