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J.P. Morgan Reaffirms Their Buy Rating on NatWest Group (NWG)

Tipranks - Tipranks - Tue Apr 14, 8:10AM CDT

J.P. Morgan analyst Sheel Shah reiterated a Buy rating on NatWest Group today and set a price target of p780.00.

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According to TipRanks, Shah is an analyst with an average return of -2.3% and a 48.28% success rate. Shah covers the Financial sector, focusing on stocks such as NatWest Group, Bank Of Ireland Group plc, and Lloyds Banking.

Currently, the analyst consensus on NatWest Group is a Moderate Buy with an average price target of p746.36.

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Based on NatWest Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p7.26 billion and a net profit of p1.33 billion. In comparison, last year the company earned a revenue of p3.7 billion and had a net profit of p1.25 billion

Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NWG in relation to earlier this year.

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