NatWest Group Reports Quarterly Earnings Results

NatWest Group (LON:NWG - Get Free Report) released its earnings results on Friday, announcing an earnings per share (EPS) of GBX 52.50 ($0.66) for the quarter. The company achieved a net margin of 18.21% and a return on equity of 13.29% during this reporting period.

Stock Performance Analysis

Following the earnings announcement, NatWest Group's shares experienced a decline of 2.0%, with the stock trading down by GBX 8.90 ($0.11) to reach GBX 428.10 ($5.38). A total of 27,254,506 shares changed hands, surpassing the average trading volume of 23,686,438. The company's fifty-day simple moving average stands at GBX 412.58, while its 200-day simple moving average is GBX 376.89. With a market capitalization of £34.27 billion, the company has a price-to-earnings (P/E) ratio of 7.69 and a PEG ratio of 0.46. Over the past year, NatWest Group's stock has fluctuated between a low of GBX 206.80 ($2.60) and a high of GBX 455.44 ($5.72).

Insider Transactions

In other news related to NatWest Group, insider Katie Murray sold 533,746 shares of the firm on November 25th, with the stock sold at an average price of GBX 392 ($4.93), totaling approximately £2,092,284.32 ($2,629,488.90). Conversely, insider Stuart Lewis purchased 774 shares on January 2nd at an average cost of GBX 397 ($4.99), amounting to a total transaction value of £3,072.78 ($3,861.73). It is noteworthy that insiders own about 16.15% of the company's total stock.

Analyst Ratings and Price Targets

On another note, analysts have been actively providing their insights on NatWest Group. On December 6th, JPMorgan Chase & Co. reaffirmed its 'top pick' rating on the stock. Currently, one research analyst has assigned a hold rating, three analysts have given a buy rating, and another has assigned a strong buy rating. According to data compiled from MarketBeat, the consensus rating for NatWest Group is "Buy," with an average target price set at GBX 381.25 ($4.79).

About NatWest Group

NatWest Group is a prominent banking organization based in the UK, serving over 19 million customers through its retail, commercial, and private banking divisions.

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