NatWest Group (LON:NWG) Hits New 52-Week High at $332.70

NatWest Group plc (LON:NWG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 332.70 ($4.26) and last traded at GBX 329.40 ($4.22), with a volume of 40669121 shares traded. The stock had previously closed at GBX 324.80 ($4.16).

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Peel Hunt initiated coverage on shares of NatWest Group in a report on Friday, April 19th. They issued a “buy” rating and a GBX 330 ($4.23) price objective for the company. JPMorgan Chase & Co. lifted their price objective on NatWest Group from GBX 350 ($4.48) to GBX 370 ($4.74) and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. Citigroup restated a “buy” rating on shares of NatWest Group in a report on Monday. Finally, Shore Capital cut NatWest Group to a “hold” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 319.29 ($4.09).

NatWest Group Stock Performance

The firm’s 50 day moving average is GBX 314.56 and its 200-day moving average is GBX 267.16. The company has a market cap of £28.17 billion, a PE ratio of 686.60, a PEG ratio of 0.46 and a beta of 1.31.

Insider Activity

In related news, insider Mark Seligman acquired 159 shares of NatWest Group stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of GBX 303 ($3.88) per share, for a total transaction of £481.77 ($617.10). In related news, insider Mark Seligman bought 159 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of GBX 303 ($3.88) per share, for a total transaction of £481.77 ($617.10). Also, insider Patrick Flynn bought 974 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average price of GBX 316 ($4.05) per share, with a total value of £3,077.84 ($3,942.41). Company insiders own 27.08% of the company’s stock.

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.