| Over a week ago | ||||
Barclays analyst Aman… Barclays analyst Aman Rakkar raised the firm's price target on NatWest Group to 180 GBp from 165 GBp and keeps an Equal Weight rating on the shares. | ||||
Berenberg analyst Peter… Berenberg analyst Peter Richardson raised the firm's price target on NatWest Group to 200 GBp from 180 GBp and keeps a Buy rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Robert Noble raised the firm's price target on NatWest Group to 170 GBp from 140 GBp and keeps a Sell rating on the shares. | ||||
Exane BNP Paribas analyst… Exane BNP Paribas analyst Guy Stebbings upgraded NatWest Group to Neutral from Underperform with a EUR 190 price target. Stebbings tells investors in a research note that a refreshed strategy presented with results marks a step in the right direction as NatWest looks to offset the challenging revenue environment. Though the analyst remains cautious and thinks it is unlikely that NatWest will deliver its headline RoTE target, Stebbings says the actions being taken by management "go some way" to address concerns. | ||||
Societe Generale analyst… Societe Generale analyst James Invine raised the firm's price target on NatWest Group to 215 GBp from 190 GBp and keeps a Buy rating on the shares. | ||||
Alison Rose, CEO said: … Alison Rose, CEO said: "The past year presented some extraordinary challenges for our customers, colleagues and communities. We provided exceptional levels of support to those who needed it, including the approval of over GBP14B of lending under UK Government schemes, demonstrating that we have truly put Our Purpose at the heart of this business. Being purpose-led isn't just the right thing to do, it has a powerful commercial imperative and is fundamental to building sustainable value in our business. Despite reporting a loss for the year, NatWest Group delivered a resilient underlying performance in a challenging operating environment. The bank continued to grow in key areas such as mortgages and commercial lending and our balance sheet remains strong, with one of the highest capital ratios amongst our UK and European peers. We have today announced our intention to pay a final dividend whilst reaffirming our commitment to regular capital returns for shareholders in the future. We made strong progress in executing the strategy we set out in February 2020 as we build a relationship bank for a digital world; a bank that will meet the rapidly evolving needs of our customers at different stages of their lives through an ever increasing focus on digital and transformation. In turn, this will drive sustainable, long-term returns to our shareholders. We cannot be certain of the long-term impact of the pandemic. But we can be certain that our bank will continue to support those who need it most as we build back better. By championing potential and helping people, families and businesses to rebuild and thrive, we will succeed together." | |
Reports an attributable… Reports an attributable loss of GBP 109M. Full year 2020 net impairment losses of GBP 3,242M, or 88 basis points of gross customer loans, resulted in an expected credit loss coverage ratio of 1.66%. In comparison to 2019, income across the retail and commercial businesses, excluding notable items, decreased by 10.0% as the lower yield curve, subdued business activity and lower consumer spending were partially offset by strong balance growth. Q4 2020 Bank NIM of 1.66% increased by 1 basis point in comparison to Q3 2020 as lower average central liquidity and improved asset margins more than offset reduced structural hedge income as a result of lower swap rates. A cost reduction of GBP 277M was achieved during 2020, ahead of our GBP 250M target for the year. |
| Over a month ago | ||||
Barclays analyst Aman… Barclays analyst Aman Rakkar raised the firm's price target on NatWest Group to 165 GBp from 150 GBp and keeps an Equal Weight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Robert Noble raised the firm's price target on NatWest Group to 140 GBp from 130 GBp and keeps a Sell rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Alvaro Serrano raised the firm's price target on NatWest Group to 210 GBp from 200 GBp and keeps an Overweight rating on the shares. | ||||