NatWest Group (LON:NWG) Hits New 1-Year High - Here's Why

NatWest Group plc (LON:NWG - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as GBX 378.50 ($4.91) and last traded at GBX 377.95 ($4.91), with a volume of 347723188 shares. The stock had previously closed at GBX 360.60 ($4.68).

Analyst Ratings Changes

NWG has been the subject of a number of analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 415 ($5.39) target price on shares of NatWest Group in a research note on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on NatWest Group from GBX 370 ($4.80) to GBX 420 ($5.45) and gave the company an "overweight" rating in a research note on Monday, July 29th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a research report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 347.50 ($4.51).

NatWest Group Stock Up 0.6 %

The stock has a market capitalization of £30.31 billion, a P/E ratio of 776.40, a P/E/G ratio of 0.46 and a beta of 1.28. The firm's 50 day simple moving average is GBX 344.07 and its two-hundred day simple moving average is GBX 325.25.

Insider Activity at NatWest Group

In other news, insider Yasmin Jetha purchased 842 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were acquired at an average price of GBX 344 ($4.47) per share, for a total transaction of £2,896.48 ($3,760.69). 16.15% of the stock is currently owned by corporate insiders.

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.