NatWest Group (LON:NWG) Rating Reiterated by Citigroup

Citigroup reissued their buy rating on shares of NatWest Group (LON:NWG) in a research note published on Monday, MarketBeat reports.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank restated a buy rating and issued a GBX 415 ($5.46) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Shore Capital downgraded NatWest Group to a hold rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased their price objective on NatWest Group from GBX 370 ($4.87) to GBX 420 ($5.52) and gave the stock an overweight rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of GBX 343.57 ($4.52).

NatWest Group Stock Down 0.7 %

LON:NWG opened at GBX 342.90 ($4.51) on Monday. The company has a fifty day moving average of GBX 334.76 and a 200-day moving average of GBX 300.26. NatWest Group has a twelve month low of GBX 168 ($2.21) and a twelve month high of GBX 372.70 ($4.90). The firm has a market capitalization of £28.56 billion, a P/E ratio of 729.57, a P/E/G ratio of 0.46 and a beta of 1.33.

NatWest Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be issued a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 8th. NatWest Group’s dividend payout ratio (DPR) is 3,829.79%.

Insider Transactions at NatWest Group

In related news, insider Patrick Flynn purchased 974 shares of NatWest Group stock in a transaction dated Monday, July 1st. The stock was purchased at an average cost of GBX 316 ($4.16) per share, with a total value of £3,077.84 ($4,047.13). Company insiders own 19.14% 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.