Morgan Stanley Reaffirms Their Hold Rating on NatWest Group (NWG)

Morgan Stanley analyst Alvaro Serrano maintained a Hold rating on NatWest Group today and set a price target of p740.00.

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Serrano covers the Financial sector, focusing on stocks such as HSBC Holdings, Barclays, and Banco Santander. According to TipRanks, Serrano has an average return of 8.1% and a 56.91% success rate on recommended stocks.

NatWest Group has an analyst consensus of Moderate Buy, with a price target consensus of p759.55.

Based on NatWest Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p7.39 billion and a net profit of p1.51 billion. In comparison, last year the company earned a revenue of p3.79 billion and had a net profit of p1.34 billion

Based on the recent corporate insider activity of 113 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.