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


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

Shares of NatWest Group plc (LON:NWG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 436.60 ($5.43) and last traded at GBX 435.10 ($5.41), with a volume of 24645250 shares trading hands. The stock had previously closed at GBX 425.20 ($5.29).

Separately, JPMorgan Chase & Co. reiterated a "top pick" rating on shares of NatWest Group in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 351 ($4.37).

Check Out Our Latest Analysis on NatWest Group

The company's 50 day moving average is GBX 403.54 and its 200 day moving average is GBX 368.44. The stock has a market capitalization of £36.24 billion, a price-to-earnings ratio of 925.74, a PEG ratio of 0.46 and a beta of 1.28.

In other news, insider Katie Murray sold 533,746 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of GBX 392 ($4.88), for a total value of £2,092,284.32 ($2,603,315.07). Also, insider Stuart Lewis acquired 774 shares of NatWest Group stock in a transaction dated Thursday, January 2nd. The shares were acquired at an average cost of GBX 397 ($4.94) per share, with a total value of £3,072.78 ($3,823.29). 16.15% of the stock is owned by company insiders.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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