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Prices & Quotes - UK Markets - NATWEST GROUP PLC ORD 100P (NWG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 160.30p
Change Today:
1.75p
Market Cap:
19,443m
Sector:
Banks

Sector movers: Lenders start December on front foot, Citi and Goldman upbeat

By Alexander Bueso

Date: Tuesday 01 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Financials paced gains in the first trading session of December with lenders' shares faring best as analysts weighed in with further positive views on the outlook for the sector.
In the background meanwhile, and in a further boost for the sector, yields on longer-term US Treasuries were noticeably higher, adding seven basis points to 0.92%.

From a more fundamental point of view, in a research note sent to clients, analysts at Citi pointed to the prospect for an update on banks' dividend policies from "several" European regulators over towards mid-December.

Citi expected those would signal a resumption of capital returns in 2021.

Lloyds was the lone UK-listed lender among the buy-rated banks with the highest scores resulting from their valuation screens.

Analysts at Goldman Sachs also came out with positive research on lenders, telling clients that a "thin" UK-EU free trade deal looked "achievable" - even if it had taken a bit longer than expected.

They also offered what they termed a "significantly" above consensus view on the outlook for growth, projecting that UK gross domestic product would rebound by 7% in 2021 and a further 6.2% in 2022.

To take note of, economic strength was expected to feed into foreign exchange markets, supporting an 8% advance in the pound's value against the US dollar to 1.44.

And lenders' shares - alongside those of homebuilders - were both sensitive to FX moves and improving growth, they said.

Stock in Virgin Money UK in particular snapped higher, after Bank of America said that continued deposit growth was good for credit quality while falling time deposit costs might help smaller banks like it.

Insurers were also prominent on the leaderboard as stockmarkets across the globe started December on the front foot.

Linked to the above, writing in Project Syndicate, 2013 Economics Nobel Prize winner, Robert Schiller, argued that sky-high stock prices could be justified by low levels of interest rates.

Top performing sectors so far today

Fixed Line Telecommunications 1,525.32 +6.07%

Banks 2,605.80 +5.56%

Industrial Metals & Mining 4,111.10 +4.68%

Life Insurance 6,886.54 +4.49%

Industrial Transportation 2,357.61 +4.09%

Bottom performing sectors so far today

Personal Goods 37,538.74 -2.60%

Software & Computer Services 1,830.55 -2.13%

Technology Hardware & Equipment 2,030.95 -0.39%

Industrial Engineering 14,034.08 -0.05%

Leisure Goods 24,530.20 -0.05%

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NWG Market Data

Currency UK Pounds
Price 160.30p
Change Today 1.75p
52 Week High 228.70p
52 Week Low 93.32p
Volume 1,480,596
Shares Issued 12,129m
Market Cap 19,443m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 12
Sell 0
Strong Sell 4
Total 23
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NWG Dividends

  Latest Previous
  Interim Special
Ex-Div 15-Aug-19 15-Aug-19
Paid 20-Sep-19 20-Sep-19
Amount 2.00p 12.00p

Trades for 18-Jan-2021

Time Volume / Share Price
10:32 312 @ 160.30p
10:32 170 @ 160.30p
10:32 61 @ 160.32p
10:32 722 @ 160.32p
10:31 792 @ 160.30p

NWG Key Personnel

Chair Howard Davies