NatWest Group (LON:NWG) Hits New 52-Week High – Should You Buy?

NatWest Group plc (LON:NWG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 407.30 ($5.18) and last traded at GBX 406.60 ($5.17), with a volume of 22922225 shares changing hands. The stock had previously closed at GBX 402.70 ($5.12).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 415 ($5.27) price target on shares of NatWest Group in a report on Wednesday, August 21st. Citigroup restated a “buy” rating on shares of NatWest Group in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy” and an average price target of GBX 351 ($4.46).

NatWest Group Trading Down 0.3 %

The stock has a market cap of £33.87 billion, a PE ratio of 865.11, a P/E/G ratio of 0.46 and a beta of 1.28. The business has a fifty day simple moving average of GBX 371.51 and a two-hundred day simple moving average of GBX 343.67.

Insider Activity

In other news, insider Yasmin Jetha bought 842 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was acquired at an average cost of GBX 344 ($4.37) per share, with a total value of £2,896.48 ($3,680.41). Also, insider Katie Murray sold 533,746 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.98), for a total transaction of £2,092,284.32 ($2,658,556.95). Company 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.