Kepler Capital Sticks to Its Buy Rating for NatWest Group (NWG)

In a report released on April 14, Nicolas Payen from Kepler Capital maintained a Buy rating on NatWest Group, with a price target of p750.00. The company’s shares closed yesterday at p627.80.

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Payen covers the Financial sector, focusing on stocks such as NatWest Group, Lloyds Banking, and UBS Group AG. According to TipRanks, Payen has an average return of 14.9% and a 67.81% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NatWest Group with a p753.00 average price target, a 19.94% upside from current levels. In a report released on April 13, J.P. Morgan also reiterated a Buy rating on the stock with a p780.00 price target.

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.