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    NWG   GB00B7T77214

NATWEST GROUP PLC

(NWG)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/15 11:35:09 am
233.9 GBX   +1.92%
10/15NORTHUMBRIAN WATER : Barclays Maintains Natwest At Overweight, Boosts PT
MT
10/15NATWEST : Transaction in Own Shares
PU
10/15BOND MARKETS SHOW RISING RISK OF FED, BOE POLICY ERRORS : McGeever
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European shares weighed by Swiss Re in busy earnings day; RBS up

08/04/2017 | 04:36am EDT
The Milan's stock exchange building is seen during the opening of the initial public offering of the Poste Italiane in downtown Milan

MILAN (Reuters) - European shares inched lower on Friday as investors focused on a raft of mixed company results with insurance firm Swiss Re (>> Swiss Re) hit after missing profit estimates.

MILAN (Reuters) - European shares inched lower on Friday as investors focused on a raft of mixed company results with insurance firm Swiss Re (>> Swiss Re) hit after missing profit estimates.

The regional STOXX 600 index <.STOXX> fell 0.1 percent, on track to end the week flat after two straight week of losses, while euro zone blue chips <.STOXX50E> fell 0.2 percent.

Swiss Re was the biggest drag to the STOXX, down 4.2 percent, after the world's second-largest reinsurer reported a bigger than expected 35 percent drop in first-half net profit fell as claims from natural disasters weighed.

Baader Helvea analyst Daniel Bischof said the results were weak with all its units apart from Life & Health clearly missing estimates and Property and Casualty showing a worrying dynamic.

"There are still no signs of a broader-based stabilization," said Bischof, adding however that after its underperformance relative to the sector, the stock look increasingly appealing.

The analyst has a hold rating on the stock.

Later in the day investors will be looking at jobs data in the U.S. for more clues on the strength of the world's largest economy and the trajectory of its monetary policy.

"With the Fed expected to raise rates only one more time this year and inflation having moderated a bit of late, this set of job data might not necessarily impact the timing of the next rate hike," said City of London Markets trader Markus Huber.

"Instead traders will be looking for confirmation that the US economy is continuing to power ahead," he added.

Non-farm payrolls were expected to have increased by 183,000 jobs last month after surging by 222,000 in June, a Reuters survey of economists found. Traders said stronger than expected data could support equity markets.

Back to earnings, top STOXX faller was Andritz (>> Andritz AG), down 8.4 percent, after revenues at the Austrian engineering group fell more than expected in the second-quarter, prompting the company to lower its outlook for 2017.

British investment service company Hargreaves (>> Hargreaves Lansdown) was also a top loser, down 4.9 percent, as the lack of a special dividend disappointed.

Royal Bank of Scotland (>> Royal Bank of Scotland Group), which has not made an annual profit since 2007, rose 4 percent after the British bank swung to a first-half profit, topping estimates, as its recovery continued.

Nearly two thirds of the companies listed on the MSCI Europe index have already released results. Of them, 61 percent have either beaten of matched expectations with second-quarter earnings growth expected at more than 22 percent.

British homebuilders such as Taylor Wimpey (>> Taylor Wimpey) and Persimmon (>> Persimmon) fell sharply. Traders cited media speculation that the government could review the "help to buy" scheme to support home ownership among first-time buyers.

(Editing by Matthew Mpoke Bigg)

By Danilo Masoni


ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ANDRITZ AG 0.17% 47.22 Delayed Quote.25.99%
HARGREAVES LANSDOWN PLC -1.70% 1471 Delayed Quote.-3.54%
MSCI EUROPE (STRD, UHD) 0.76% 155.49031 Real-time Quote.16.82%
NATWEST GROUP PLC 1.92% 233.9 Delayed Quote.39.52%
PERSIMMON PLC 0.45% 2692 Delayed Quote.-2.71%
STOXX EUROPE 600 0.74% 469.39 Delayed Quote.17.63%
SWISS RE LTD 1.09% 81.26 Delayed Quote.-2.50%
TAYLOR WIMPEY PLC 1.22% 157.2 Delayed Quote.-5.19%
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Analyst Recommendations on NATWEST GROUP PLC
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Financials
Sales 2021 10 751 M 14 781 M 14 781 M
Net income 2021 2 556 M 3 514 M 3 514 M
Net Debt 2021 - - -
P/E ratio 2021 10,6x
Yield 2021 4,00%
Capitalization 26 680 M 36 715 M 36 683 M
Capi. / Sales 2021 2,48x
Capi. / Sales 2022 2,42x
Nbr of Employees 59 822
Free-Float 44,0%
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Technical analysis trends NATWEST GROUP PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 233,90 GBX
Average target price 245,14 GBX
Spread / Average Target 4,81%
EPS Revisions
Managers and Directors
Alison Marie Rose-Slade Chief Executive Officer & Director
Katie Murray Chief Financial Officer & Executive Director
Howard John Davies Chairman
Simon Anthony McNamara Chief Administrative Officer
Robert Andrew Joseph Gillespie Independent Non-Executive Director
Sector and Competitors