RBC Capital Sticks to Their Hold Rating for NatWest Group (NWG)
In a report released today, Benjamin Toms from RBC Capital maintained a Hold rating on NatWest Group, with a price target of p725.00.
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According to TipRanks, Toms is a 5-star analyst with an average return of 18.3% and a 68.25% success rate. Toms covers the Financial sector, focusing on stocks such as HSBC Holdings, OSB Group PLC, and NatWest Group.
In addition to RBC Capital, NatWest Group also received a Hold from Barclays’s Aman Rakkar in a report issued today. However, on May 1, Bank of America Securities reiterated a Buy rating on NatWest Group (LSE: NWG).
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 108 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.
Read More on GB:NWG:
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