JPMorgan Chase & Co. Upgrades NatWest Group Stock Forecast

Analysts from JPMorgan Chase & Co. have recently adjusted their price target for NatWest Group (LON:NWG). The new target price has been increased from GBX 510 (approximately $6.59) to GBX 550 (around $7.11). This update was shared in a research report released on Tuesday. The analysts have also categorized NatWest Group as a "top pick," indicating high confidence in the stock's potential performance.

The revised price target implies a possible upside of 18.53% from the stock's current valuation.

In separate news, Citigroup has also revised its target for NatWest shares, moving it upward from GBX 580 ($7.49) to GBX 615 ($7.95) while assigning a "buy" rating to the stock. As of now, the consensus among analysts includes one hold rating, three buy ratings, and one strong buy rating. MarketBeat reports that the average rating for NatWest Group stocks is "Buy," with an average price target set at GBX 477.50 ($6.17).

Recent Stock Performance of NatWest Group

As of Tuesday, shares of NatWest Group (LON:NWG) saw an increase of GBX 1.30 ($0.02), bringing the stock price to GBX 464 ($6.00). A total of 2,147,000,000 shares changed hands, higher than the average trading volume of 80,016,672. Over the past year, NatWest Group has experienced a low of GBX 258.70 ($3.34) and a high of GBX 485.51 ($6.27). With a market capitalization sitting at £37.14 billion, the company has a price-to-earnings (P/E) ratio of 8.33, a P/E/G ratio of 0.46, and a beta value of 1.28. The current 50-day moving average is GBX 441.05, while the 200-day moving average is GBX 398.26.

NatWest Group last released its quarterly earnings on Friday, February 14th. The company reported earnings per share (EPS) of GBX 52.50 ($0.68) for the quarter, with a return on equity of 13.29% and a net margin of 18.21%. Analysts predict that the firm will achieve an EPS of 45.97 for the current fiscal year.

Insights on Insider Activities

In related updates, insider Stuart Lewis acquired 774 shares of NatWest's stock on Thursday, January 2nd, at an average price of GBX 397 ($5.13) per share. This transaction amounted to a total of £3,072.78 ($3,970.51). Currently, insiders hold 16.15% of the company’s stock.

About NatWest Group

NatWest Group is a UK-based banking organization serving over 19 million customers. It operates across various sectors, including retail, commercial, and private banking.

Considerations for Investors

For those evaluating potential investments, it's worth noting that while NatWest Group currently holds a Buy rating from analysts, some top-rated analysts have suggested that there are five other stocks that might be better investment options at this time. Conduct thorough research before making investment decisions.

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