NWG Price Prediction Next Week
NatWest Group (NWG) Stock Price Prediction and Recommendation
News Sentiment and Fundamental Analysis:
NatWest Group (NWG) has shown resilience in the financial sector, with recent news highlighting its strategic initiatives and growth prospects. The company is part of the Zacks Foreign Banks Industry, which is expected to benefit from lower interest rates and restructuring efforts. NWG has launched a Fintech Growth Programme and is focusing on customer business growth, which are positive indicators for future performance.
Technical Analysis:
The stock's technical indicators suggest moderate bullish momentum. The RSI is at 55, indicating a neutral position without overbought or oversold conditions. The MACD is slightly positive, supporting a bullish outlook. Fibonacci levels show a pivot point at 11.85, with the stock trading above this level, suggesting potential support.
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to see a slight upward movement in the next trading week. The target price is $12.30, indicating a 'buy' recommendation.
NWG Similar Chart Price Prediction
The price of NWG is predicted to go up 4.38%, based on the high correlation periods with SHBI. The similarity of these two price pattern on the periods is 93.89%.
NWG
SHBI
Up: 4.38%Similarity: 93.89%
NWG Revenue Forecast
NWG EPS Forecast
NWG FAQs
What is NWG revenue forecast for next quarter？
NWG VS S&P500
NatWest operates a strong retail and commercial banking franchise in the U.K.
NatWest has shown its ability to return capital to shareholders based on improved operating performance and a successful restructuring effort.
NatWest has a strong capital position well above minimum requirements.
NWG Analyst's Forecast
Joseph Dickerson
Jefferies
Sell → Strong Buy
2024-10-15
Price Target
n/a
Downside
0%
Jefferies analyst Jonathan Pierce upgraded NatWest Group to Buy from Underperform with a price target of 425 GBp, up from 140 GBp, following a transfer of coverage. The firm says NatWest "is the easiest play on the hedge story." The bank's net interest income is 77% of revenue, the mortgage book has fully repriced, and deposit mix is stabilizing, the analyst tells investors in a research note. "Now it's all about the hedge where net maturity yields are zero next year," adds Jefferies.
