NatWest Group (LON:NWG) Hits New 12-Month High – What’s Next?

NatWest Group plc (LON:NWG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 471.20 ($5.93) and last traded at GBX 470.90 ($5.92), with a volume of 34554938 shares traded. The stock had previously closed at GBX 467 ($5.87).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on NatWest Group from GBX 500 ($6.29) to GBX 510 ($6.41) and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 403.75 ($5.08).

NatWest Group Stock Performance

The stock has a 50-day moving average price of GBX 422.31 and a two-hundred day moving average price of GBX 384.96. The stock has a market capitalization of £38.33 billion, a PE ratio of 8.60, a PEG ratio of 0.46 and a beta of 1.28.

NatWest Group (LON:NWG) last posted its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.66) EPS for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, equities analysts predict that NatWest Group plc will post 45.9724712 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Stuart Lewis acquired 774 shares of NatWest Group stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of GBX 397 ($4.99) per share, with a total value of £3,072.78 ($3,864.65). 16.15% of the stock is owned by insiders.

About NatWest Group

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