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Barclays Sticks to Their Hold Rating for NatWest Group (NWG)

Tipranks - Wed May 6, 2:20AM CDT

Barclays analyst Aman Rakkar maintained a Hold rating on NatWest Group today and set a price target of £7.30.

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According to TipRanks, Rakkar is a 5-star analyst with an average return of 20.8% and a 75.58% success rate. Rakkar covers the Financial sector, focusing on stocks such as NatWest Group, HSBC Holdings, and Lloyds Banking.

In addition to Barclays, NatWest Group also received a Hold from RBC Capital’s Benjamin Toms in a report issued today. However, on May 1, Kepler Capital maintained 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.

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