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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 253.40p
Change Today:
3.90p
Market Cap:
28,529m
Sector:
Banks

Berenberg nudges up target price on Natwest

By Iain Gilbert

Date: Monday 01 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg slightly raised their target price on retail bank Natwest from 240.0p to 250.0p on Monday, stating while the group was "fine today" it would be "better tomorrow".

Berenberg said the "materiality and persistence" of Natwest's net interest income prospects dwarfed "more modest and short-term weakness" in its non-interest income.

The German bank highlighted that it felt this strength was "underappreciated", leading it to place its full-year 2023 net interest income expectations 5% ahead of consensus estimates.

"This strength is supported by the bank's progress towards reducing costs and its strong capital returns of circa 11% per annum (which, at the margins, have become even stronger)," said the analysts.

Berenberg, which also reiterated its 'buy' rating on the stock, added that with Natwest trading at 0.8x its tangible book value for a full-year 2023 estimated return on tangible equity of 10%, the stock was presently undervalued.

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NWG Market Data

Currency UK Pounds
Price 253.40p
Change Today 3.90p
52 Week High 253.70p
52 Week Low 147.60p
Volume 15,843,449
Shares Issued 11,258m
Market Cap 28,529m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 11
Buy 0
Neutral 11
Sell 1
Strong Sell 0
Total 23
buy
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 Final
Ex-Div 12-Aug-21 25-Mar-21
Paid 17-Sep-21 04-May-21
Amount 3.00p 3.00p

Trades for 17-Jan-2022

Time Volume / Share Price
16:36 18,268 @ 253.40p
16:36 30,905 @ 253.40p
16:36 827 @ 253.40p
16:36 26,123 @ 253.40p
16:36 43,659 @ 253.40p

NWG Key Personnel

Chair Howard Davies