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UBS Keeps Their Buy Rating on NatWest Group (NWG)

Tipranks - Tipranks - Sat Apr 18, 3:52AM CDT

UBS analyst Jason Napier maintained a Buy rating on NatWest Group yesterday and set a price target of p780.00.

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Napier covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Lloyds Banking. According to TipRanks, Napier has an average return of 22.5% and a 67.92% success rate on recommended stocks.

In a report released on April 14, Kepler Capital also maintained a Buy rating on the stock with a p750.00 price target.

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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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