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Natwest: Jefferies downgrades to hold

( - Jefferies has downgraded its rating on the stock of British bank, Natwest, to Hold, with a target price of 283p.

" our '21-23 EPS estimates are now ~2% ahead of consensus (this time last year, our '21E & '22E EPS averaged 95% > consensus)," the broker says.

"NWG still offers attractive capital return prospects yet the 15% upside to our PT and less asymmetry takes us to HOLD," Jefferies adds.

The share is currently down over 0.5% in London.

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