Berenberg raised the firm’s price target on NatWest Group to 325 GBp from 300 GBp and keeps a Buy rating on the shares. The firm says guidance issued in NatWest’s 2023 results provided the tonic that bank investors crave, namely certainty about sustainable returns. While NatWest’s guidance for revenues was below consensus, this guidance was based on highly conservative assumptions, Berenberg adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NWG:
- NatWest preparing to name Paul Thwaite permanent CEO, Sky reports
- NWG Upcoming Earnings Report: What to Expect?
- NatWest Group downgraded to Underperform from Market Perform at Keefe Bruyette
- NatWest Group price target lowered to 260 GBp from 280 GBp at JPMorgan
- NatWest’s Davies faces backlash over U.K. property comments, CNBC says
