NatWest Group (LON:NWG) Reaches New 12-Month High - Still a Buy?

Shares of NatWest Group plc (LON:NWG - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 396.70 ($5.00) and last traded at GBX 395.11 ($4.98), with a volume of 484285531 shares changing hands. The stock had previously closed at GBX 393.10 ($4.95).

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of NatWest Group from GBX 370 ($4.66) to GBX 420 ($5.29) and gave the stock an "overweight" rating in a report on Monday, July 29th. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a report on Monday, September 2nd. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 415 ($5.23) price objective on shares of NatWest Group in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, NatWest Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 351 ($4.42).

NatWest Group Stock Up 0.7 %

The firm has a market capitalization of £32.96 billion, a P/E ratio of 840.33, a price-to-earnings-growth ratio of 0.46 and a beta of 1.28. The company's 50 day moving average is GBX 355.13 and its 200-day moving average is GBX 335.97.

Insider Buying and Selling

In other news, insider Yasmin Jetha bought 842 shares of the stock in a transaction dated Tuesday, October 1st. The stock was bought at an average price of GBX 344 ($4.34) per share, for a total transaction of £2,896.48 ($3,650.26). 16.15% of the stock is owned by 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.