NatWest Group (LON:NWG) Hits New 52-Week High at $281.60

Shares of NatWest Group plc (LON:NWG) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 281.60 ($3.48) and last traded at GBX 281.13 ($3.47), with a volume of 182187547 shares traded. The stock had previously closed at GBX 276.70 ($3.42).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NWG shares. Keefe, Bruyette & Woods cut shares of NatWest Group to an “underperform” rating and set a GBX 230 ($2.84) target price for the company. in a research note on Monday, February 12th. Shore Capital reiterated a “buy” rating on shares of NatWest Group in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on shares of NatWest Group from GBX 270 ($3.33) to GBX 290 ($3.58) and gave the company an “overweight” rating in a report on Tuesday, April 9th. Peel Hunt started coverage on shares of NatWest Group in a report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.08) price target for the company. Finally, Berenberg Bank increased their price target on shares of NatWest Group from GBX 300 ($3.71) to GBX 325 ($4.01) and gave the company a “buy” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 313.89 ($3.88).

NatWest Group Stock Down 0.4 %

The firm has a market capitalization of £24.87 billion, a PE ratio of 577.14, a P/E/G ratio of 0.46 and a beta of 1.34. The business’s fifty day moving average price is GBX 254.18 and its 200 day moving average price is GBX 226.94.

NatWest Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 14th will be given a GBX 11.50 ($0.14) dividend. The ex-dividend date is Thursday, March 14th. This is a boost from NatWest Group’s previous dividend of $5.50. This represents a dividend yield of 5.37%. NatWest Group’s dividend payout ratio (DPR) is currently 3,469.39%.

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.