| Today | ||||
Investec analyst Ian… Story temporarily locked. | ||||
| Over a week ago | ||||
Deutsche Bank analyst… Deutsche Bank analyst Robert Noble raised the firm's price target on NatWest Group to 330 GBp from 315 GBp and keeps a Buy rating on the shares. | ||||
JPMorgan analyst Raul… JPMorgan analyst Raul Sinha raised the firm's price target on NatWest Group to 250 GBp from 240 GBp and keeps a Neutral rating on the shares. | ||||
Barclays analyst Aman… Barclays analyst Aman Rakkar raised the firm's price target on NatWest Group to 330 GBp from 320 GBp and keeps an Overweight rating on the shares. | ||||
NatWest said: "We… NatWest said: "We retain the outlook guidance provided in the 2021 Annual Report and Accounts, although we now expect 2022 income excluding notable items to be comfortably above GBP 11.0 billion in the Go-forward group." | ||||
Reports Q1 2022… Reports Q1 2022 attributable profit of GBP 841 million and a return on tangible equity of 11.3%. Go-forward group income excluding notable items increased by GBP 219 million, or 8.6%, compared with Q1 2021principally reflecting volume growth and favorable yield curve movements. Bank net interest margin of 2.46% was 15 basis points higher than Q4 2021 principally reflecting the impact of recent base rate rises. CEO Alison Rose said: "The world has changed considerably during the last three months. Our thoughts are with everyone affected by the invasion of Ukraine and we are doing all that we can to support them. We are also very aware of the challenges and concerns the cost-of-living crisis is causing for many of our customers up and down the country. NatWest Group is focused on providing practical help and support for the people, families and businesses we serve. Despite the challenging environment, I am pleased with our performance as we continue to execute well against our strategy, driving sustainable growth and returns. Income and profits are substantially up, costs are down and we remain well capitalized as we build long-term value and deliver a simpler and better banking experience for our customers." | |
BofA analyst Rohit… BofA analyst Rohit Chandra-Rajan raised the firm's price target on NatWest Group to 360 GBp from 335 GBp and keeps a Buy rating on the shares. U.K. interest rate expectations are up about 60bps since the company's Q4 results in mid-February, and the rates benefit should significantly outweigh headwinds from mortgage pricing, cost inflation and credit quality, the analyst tells investors in a research note. | |
Investec analyst Ian… Investec analyst Ian Gordon downgraded NatWest Group to Hold from Buy with a 235 GBp price target. The analyst sees better relative value elsewhere in the sector, including OSB, Lloyds and Virgin Money U.K. Gordon say he's "unable to fully rationalize" the scale of NatWest's price/tangible asset value premium versus Barclays and Virgin Money. | |
HSBC analyst Robin Down… HSBC analyst Robin Down upgraded NatWest Group to Buy from Hold with a price target of 260 GBp, up from 240 GBp. With the recent weakness in the shares, the analyst sees value in the name. U.K. banks could provide near-term defensiveness against a backdrop where the U.K. economy is slowing with sharp rises in the cost of living, Down tells investors in a research note. |
| Over a month ago | ||||
Barclays analyst Aman… Barclays analyst Aman Rakkar lowered the firm's price target on NatWest Group to 320 GBp from 350 GBp and keeps an Overweight rating on the shares. | ||||
