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NatWest Shares (LON: NWG) Gap Up – JP Morgan Reaffirm As Government Divestment Continues

Analyst Team trader
Updated 26 Jun 2024

NatWest shares (LON: NWG) gapped up this morning, opening at 312.8 having closed out yesterday's session at 310.3p. With the stock price up 0.6% through the early part of trading, we take a look at the support in the bank's stock from the analyst community.

JP Morgan has once again highlighted NatWest Group (LON:NWG) as a standout in the banking sector, reiterating its top pick rating for the company's shares in a research report published on Tuesday. The endorsement by one of the world's preeminent financial institutions underscores the confidence analysts have in NatWest Group's prospects.

The “top pick” accolade from JPMorgan Chase & Co. is accompanied by varied ratings from other market analysts. While opinions range, with some maintaining “hold” positions and others advocating for “buy,” the collective viewpoint tilts positively toward NatWest Group. It is always worth bearing in mind that the support of analysts is not to be taken in isolation.

Beyond its favourable position in the stock market, NatWest Group is recognised for its extensive suite of banking and financial products and services. With a reach that extends to customers in the UK and across international markets, the company operates through a variety of segments, each dedicated to addressing the diverse financial needs of its clientele.

From personal banking to large corporate transactions, NatWest Group's comprehensive services underscore its status as a key player in the financial industry.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


JPMorgan Chase & Co.'s reaffirmation of NatWest Group's “top pick” rating is a clear indication of the bank's perceived strength and performance within the financial services sector.

As the UK Government continues to reduce its own stake in Natwest, the stock just keeps taking out new highs. There are not too many occasions where you will see an LSE listed bank stock gain 41% in under 6 months, but a closer look would be needed before rushing in.

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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.