NatWest Group plc (LON:NWG) Insider Mark Seligman Acquires 159 Shares of Stock

NatWest Group plc (LON:NWG) insider Mark Seligman acquired 159 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of GBX 303 ($3.81) per share, with a total value of £481.77 ($605.16).

NatWest Group Stock Performance

LON:NWG opened at GBX 304.80 ($3.83) on Thursday. The company has a market capitalization of £26.64 billion, a PE ratio of 622.04, a P/E/G ratio of 0.46 and a beta of 1.34. The company has a 50 day simple moving average of GBX 263.35 and a two-hundred day simple moving average of GBX 229.96. NatWest Group plc has a fifty-two week low of GBX 168 ($2.11) and a fifty-two week high of GBX 310 ($3.89).

NatWest Group Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, March 14th were given a dividend of GBX 11.50 ($0.14) per share. This represents a yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from NatWest Group’s previous dividend of $5.50. NatWest Group’s dividend payout ratio is currently 3,469.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on NWG. JPMorgan Chase & Co. upped their price objective on NatWest Group from GBX 270 ($3.39) to GBX 290 ($3.64) and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Berenberg Bank upped their price objective on NatWest Group from GBX 300 ($3.77) to GBX 325 ($4.08) and gave the company a “buy” rating in a research note on Friday, February 16th. Keefe, Bruyette & Woods downgraded NatWest Group to an “underperform” rating and set a GBX 230 ($2.89) price objective for the company. in a research note on Monday, February 12th. Peel Hunt began coverage on NatWest Group in a research note on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.15) price objective for the company. Finally, Shore Capital reaffirmed a “buy” rating on shares of NatWest Group in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 313.89 ($3.94).

NatWest Group Company Profile

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.