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NatWest Group (NWG) Gets a Buy from Jefferies

Tipranks - Tipranks - Thu May 7, 8:12AM CDT

In a report released today, from Jefferies reiterated a Buy rating on NatWest Group, with a price target of p730.00.

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In addition to Jefferies, NatWest Group also received a Buy from Kepler Capital ‘s Nicolas Payen in a report issued on May 1. However, yesterday, RBC Capital maintained a Hold rating on NatWest Group (LSE: NWG).

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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 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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