NatWest Group (LON:NWG) Sets New 12-Month High - Here's Why

NatWest Group plc (LON:NWG - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 471.20 ($5.99) and last traded at GBX 470.90 ($5.98), with a volume of 34554938 shares changing hands. The stock had previously closed at GBX 467 ($5.93).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on shares of NatWest Group from GBX 500 ($6.35) to GBX 510 ($6.48) and gave the company an "overweight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 403.75 ($5.13).

NatWest Group Trading Up 0.3 %

The company has a market capitalization of £38.45 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.46 and a beta of 1.28. The firm's 50 day simple moving average is GBX 423.97 and its 200-day simple moving average is GBX 386.63.

NatWest Group (LON:NWG - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported GBX 52.50 ($0.67) earnings per share for the quarter. NatWest Group had a net margin of 18.21% and a return on equity of 13.29%. As a group, sell-side analysts forecast that NatWest Group plc will post 45.9724712 EPS for the current fiscal year.

Insider Transactions at NatWest Group

In related news, insider Stuart Lewis purchased 774 shares of the stock in a transaction dated Thursday, January 2nd. The shares were acquired at an average cost of GBX 397 ($5.05) per share, with a total value of £3,072.78 ($3,904.92). Corporate insiders own 16.15% of the company's stock.

About NatWest Group

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