NatWest Group (LON:NWG) Sets New 52-Week High – What’s Next?

NatWest Group plc (LON:NWG)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 407.30 ($5.17) and last traded at GBX 406.60 ($5.16), with a volume of 22922225 shares changing hands. The stock had previously closed at GBX 402.70 ($5.11).

Analyst Ratings Changes

A number of brokerages recently issued reports on NWG. Berenberg Bank reissued a “buy” rating and issued a GBX 415 ($5.27) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 351 ($4.46).

NatWest Group Stock Performance

The company’s 50 day moving average price is GBX 367.39 and its 200-day moving average price is GBX 341.94. The stock has a market cap of £33.87 billion, a P/E ratio of 856.81, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28.

Insider Activity at NatWest Group

In related news, insider Katie Murray sold 533,746 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of GBX 392 ($4.98), for a total transaction of £2,092,284.32 ($2,657,543.91). Also, insider Yasmin Jetha acquired 842 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was purchased at an average price of GBX 344 ($4.37) per share, with a total value of £2,896.48 ($3,679.00). 16.15% of the stock is owned by company insiders.

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.