JPMorgan Chase & Co. Forecasts Strong Price Appreciation for NatWest Group (LON:NWG) Stock

NatWest Group (LON:NWG) had its target price upped by JPMorgan Chase & Co. from GBX 510 ($6.60) to GBX 550 ($7.12) in a report issued on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a top pick rating on the stock.

Separately, Citigroup lifted their price target on NatWest Group from GBX 580 ($7.51) to GBX 615 ($7.96) and gave the stock a “buy” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NatWest Group currently has an average rating of “Buy” and an average target price of GBX 477.50 ($6.18).

NatWest Group Stock Performance

NWG stock opened at GBX 464 ($6.01) on Tuesday. The firm has a market cap of £37.14 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.46 and a beta of 1.28. The firm’s fifty day moving average is GBX 442.61 and its 200 day moving average is GBX 399.14. NatWest Group has a 52 week low of GBX 258.70 ($3.35) and a 52 week high of GBX 485.51 ($6.29).

NatWest Group (LON:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported GBX 52.50 ($0.68) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. As a group, analysts forecast that NatWest Group will post 45.9724712 EPS for the current year.

Insider Activity

In other NatWest Group news, insider Stuart Lewis bought 774 shares of NatWest Group stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average cost of GBX 397 ($5.14) per share, with a total value of £3,072.78 ($3,978.22). Insiders own 16.15% of the company’s stock.

NatWest Group Company Profile

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