Insider Buying: NatWest Group plc (LON:NWG) Insider Purchases 239 Shares of Stock

NatWest Group plc (LON:NWG) insider Yasmin Jetha acquired 239 shares of the stock in a transaction dated Tuesday, July 1st. The stock was acquired at an average cost of GBX 501 ($6.84) per share, with a total value of £1,197.39 ($1,634.66).

NatWest Group Trading Up 2.0%

LON:NWG opened at GBX 483.36 ($6.60) on Friday. The company has a market capitalization of £38.69 billion, a P/E ratio of 8.68, a PEG ratio of 0.46 and a beta of 1.28. NatWest Group plc has a 12 month low of GBX 309 ($4.22) and a 12 month high of GBX 537.20 ($7.33). The firm has a fifty day simple moving average of GBX 505.20 and a 200-day simple moving average of GBX 458.22.

NatWest Group (LON:NWG) last issued its earnings results on Friday, May 2nd. The company reported GBX 15.50 ($0.21) earnings per share (EPS) for the quarter. NatWest Group had a return on equity of 13.29% and a net margin of 18.21%. Equities analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NWG. JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 510 ($6.96) to GBX 550 ($7.51) and gave the company a “top pick” rating in a research report on Tuesday, March 25th. Shore Capital restated a “hold” rating on shares of NatWest Group in a research note on Monday, June 2nd. Finally, Citigroup upped their price objective on shares of NatWest Group from GBX 580 ($7.92) to GBX 615 ($8.40) and gave the company a “buy” rating in a report on Thursday, March 6th.

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.