NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

318.50p
   
  • Change Today:
      3.70p
  • 52 Week High: 326.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,323m
  • Volume: 11,780,937
  • Market Cap: £26,508m
  • RiskGrade: 62

ShoreCap says NatWest entering fair value territory, downgrades

By Michele Maatouk

Date: Monday 20 May 2024

LONDON (ShareCast) - (Sharecast News) - Shore Capital downgraded NatWest on Monday to 'hold' from 'buy' as it said the shares were "entering fair value territory".
The broker noted that NatWest shares are up 46% year-to-date, significantly outperforming the FTSE All-Share Index up 8% and FTSE All-Share Banks Index up 18%.

"This has occurred despite the government reducing its shareholding from around 38% at the start of the year to circa 27% today, with more to come by way of a directed share buyback and possible discounted retail placing," it said.

"As a result of the re-rating, the stock is now trading at a slight premium to TNAV, while the upside to our 350p fair value is now just 9%.

"Consequently, we downgrade our recommendation to hold (from buy)."

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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 318.50p
Change Today 3.70p
% Change 1.18 %
52 Week High 326.40
52 Week Low 176.15
Volume 11,780,937
Shares Issued 8,323m
Market Cap £26,508m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
88.60% above the market average88.60% above the market average88.60% above the market average88.60% above the market average88.60% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Income
92.88% above the market average92.88% above the market average92.88% above the market average92.88% above the market average92.88% 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
73.51% above the market average73.51% above the market average73.51% above the market average73.51% above the market average73.51% 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

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
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 24-Jun-2024

Time Volume / Share Price
14:10 97 @ 318.70p
14:07 43 @ 318.50p
14:07 57 @ 318.50p
14:07 400 @ 318.50p
14:07 400 @ 318.50p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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