NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

307.40p
   
  • Change Today:
    -6.10p
  • 52 Week High: 326.40p
  • 52 Week Low: 176.15p
  • Currency: UK Pounds
  • Shares Issued: 8,725m
  • Volume: 17,929,340
  • Market Cap: £26,820m
  • RiskGrade: 62

Citi reiterates 'buy' rating on four UK bank stocks

By Michele Maatouk

Date: Friday 10 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
It noted that the banks all provided 2023 net interest margin outlooks that disappointed versus consensus expectations, mainly due to an assumed increase in deposit betas on higher customer switching.

"Our Deep Dive analysis on deposit migration and pricing suggests NIM guidance for Lloyds & NatWest is overly conservative, whereas Barclays looks more ambitious," it said.

Citi said its 2023 adjusted pre-tax profit forecasts for NatWest are 17% above consensus, Lloyds 7% above, Virgin Money 4% above and Barclays 2% above.

Banking shares were sharply lower on Friday, having taken their cue from a sector selloff on Wall Street, which was triggered after tech-focused bank SVB Financial announced plans to raise more than $2bn in capital to help offset losses on bond sales.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 307.40p
Change Today -6.10p
% Change -1.95 %
52 Week High 326.40p
52 Week Low 176.15p
Volume 17,929,340
Shares Issued 8,725m
Market Cap £26,820m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 29-Apr-24 15-Sep-23
Amount 11.50p 5.50p

Trades for 23-May-2024

Time Volume / Share Price
16:07 968 @ 307.40p
16:07 1,652 @ 307.40p
16:07 43 @ 307.30p
16:07 641 @ 307.35p
16:07 7 @ 307.50p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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