(CercleFinance.com) – The stock fell more than 3% on the London Stock Exchange as Jefferies lowered his recommendation to hold on the stock with a target of 283p.
‘Our EPS estimates for the years 2021-2023 are now 2% higher than the consensus (at the same time last year, our 2021E and 2022E EPS were on average 95% higher than the consensus) says the analysts .
‘NWG still offers attractive prospects for a return on capital, but the 15% increase over our target has led us to switch to hold on the stock,’ adds Jefferies.
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