NatWest Group (NWG) Stock Overview
Provides banking and financial products and services in the United Kingdom and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
NWG Community Fair Values
Create NarrativeSee what 160 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
NatWest Group plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£5.90 |
| 52 Week High | UK£7.05 |
| 52 Week Low | UK£4.71 |
| Beta | 0.83 |
| 1 Month Change | 4.31% |
| 3 Month Change | 0.68% |
| 1 Year Change | 11.36% |
| 3 Year Change | 126.84% |
| 5 Year Change | 168.43% |
| Change since IPO | -7.94% |
Recent News & Updates
Narrative Update • May 02
NWG: Evelyn Deal And Buybacks Will Support Future Re Rating
The analyst price target for NatWest Group has been nudged higher to reflect a slightly increased fair value estimate of £7.33. Analysts point to updated assumptions around revenue growth, profit margins and future P/E, while balancing mixed recent broker revisions across the Street.Narrative Update • Apr 16
NWG: Evelyn Acquisition And Buybacks Will Support Future Share Upside
NatWest Group's updated analyst price target has inched higher to £7.32 from £7.31. This reflects a blend of recent target increases from several banks and more cautious expectations from others, as analysts factor in slightly different views on revenue growth, profitability and valuation multiples.Recent updates
Narrative Update • May 02
NWG: Evelyn Deal And Buybacks Will Support Future Re Rating
The analyst price target for NatWest Group has been nudged higher to reflect a slightly increased fair value estimate of £7.33. Analysts point to updated assumptions around revenue growth, profit margins and future P/E, while balancing mixed recent broker revisions across the Street.Narrative Update • Apr 16
NWG: Evelyn Acquisition And Buybacks Will Support Future Share Upside
NatWest Group's updated analyst price target has inched higher to £7.32 from £7.31. This reflects a blend of recent target increases from several banks and more cautious expectations from others, as analysts factor in slightly different views on revenue growth, profitability and valuation multiples.Narrative Update • Apr 02
NWG: Evelyn Takeover And Buybacks Will Support Future Share Upside
Analyst price targets for NatWest Group have shifted modestly higher to £7.31 from £7.24, reflecting recent revisions that balance higher fair value estimates and slightly firmer revenue growth and profit margin assumptions, along with mixed target changes from banks including Deutsche Bank, Morgan Stanley, Citi, JPMorgan, BNP Paribas and Barclays. Analyst Commentary Recent research on NatWest Group points to a mix of optimism and caution, with changes in ratings and price targets reflecting different views on valuation, execution and growth prospects.Narrative Update • Mar 19
NWG: Evelyn Deal And Capital Returns Will Drive Future Share Upside
Analysts have nudged their fair value estimate for NatWest Group higher to £7.24 per share from £7.11, citing recent price target increases in the range of £6.70 to £8.40 and updated earnings estimates following the Evelyn Partners acquisition. Analyst Commentary Recent research points to a mixed but constructive view on NatWest Group, with several firms updating ratings and price targets around the time of the Evelyn Partners acquisition and the share price move that followed.Narrative Update • Mar 04
NWG: Evelyn Acquisition And Capital Returns Will Support Future Upside Potential
Our analyst price target for NatWest Group has been lifted to £7.11 per share from £7.06. This reflects modestly higher fair value assumptions supported by recent Street research that includes raised price targets around the £6.70 to £8.40 range and updated views on earnings from the Evelyn Partners acquisition.Narrative Update • Feb 18
NWG: Future Capital Returns And Evelyn Deal Will Support Fair Value Upside
Analysts have nudged their fair value estimate for NatWest Group higher to reflect a slightly lower future P/E assumption and updated expectations following recent price target moves, including Citi's lift to £8.40 from £8.10 and mixed adjustments from JPMorgan and Barclays. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in the valuation, with some price targets set at £8.40, which they link to updated assumptions on earnings and capital deployment.Analysis Article • Feb 16
NatWest Group (LON:NWG) Is Increasing Its Dividend To £0.23
NatWest Group plc ( LON:NWG ) will increase its dividend from last year's comparable payment on the 5th of May to...Narrative Update • Feb 04
NWG: Future Capital Returns And Wealth Moves Will Shape Fair Value Risk Balance
Analysts have inched their fair value estimate for NatWest Group higher, implying a modest uplift in the implied price target. They are factoring in slightly lower discount rates, steady revenue growth and profit margin assumptions, and a marginally higher future P/E multiple in light of recent mixed Street views.Narrative Update • Jan 21
NWG: Future Capital Returns And Wealth Moves Will Support Fair Value
Our NatWest Group narrative fair value estimate edges higher to £6.77 from £6.63 as analysts broadly lift price targets, citing updated capital expectations and modest tweaks to revenue growth, discount rate and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into a £6.65 to £7.30 per share range, which broadly supports our £6.77 narrative fair value estimate and points to a cluster of views around similar valuation levels.Narrative Update • Jan 07
NWG: Future Buybacks And Wealth Expansion Moves Will Support Fair Value
Analysts have lifted their price targets for NatWest Group into a higher £6.65 to £7.25 range, citing updated views on the bank's earnings potential and risk profile that feed into their refreshed valuation work. Analyst Commentary Recent research updates cluster NatWest Group price targets between £6.65 and £7.30, with several banks adjusting their models around similar levels.Narrative Update • Dec 23
NWG: Future Buybacks And Rising Returns Will Support Fair Value
NatWest Group's analyst price target has been nudged higher, reflecting modest improvements in fair value assumptions and profitability, as analysts highlight steadily rising revenue visibility and more supportive sector dynamics. Analyst Commentary Recent research updates show a cluster of upward price target revisions for NatWest Group, indicating growing confidence in the bank's earnings resilience and capital return potential.Analysis Article • Dec 15
Here's Why NatWest Group (LON:NWG) Has Caught The Eye Of Investors
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Dec 09
NWG: Future Buybacks And Earnings Will Support Fair Value Amid Mixed Sentiment
NatWest Group's analyst price target has been lifted, with fair value edging up from £6.48 to £6.60, as analysts point to incremental improvements in forecast profitability and valuation multiples following a series of upward target revisions across the Street. Analyst Commentary Street research updates have been broadly constructive, with a cluster of recent target price increases signaling greater confidence in NatWest Group's earnings trajectory and capital return potential.Narrative Update • Nov 25
NWG: Share Buybacks And Profitability Will Support Fair Value Amid Sector Uncertainty
Analysts have raised their price targets for NatWest Group, with the consensus estimate moving higher from £6.37 to £6.48 per share. This reflects improved expectations around revenue growth and profit margins.Narrative Update • Nov 06
NWG: Improved Profitability And Capital Returns Will Drive Shares Despite Revenue Pressure
NatWest Group's analyst price target has been upgraded from £6.05 to £6.37 per share. This reflects analysts' expectations for improved profitability and steady capital returns, despite slightly slower anticipated revenue growth.Narrative Update • Oct 23
Analysts Revise NatWest Group Price Targets Higher Amid Improved Outlook and Sector Momentum
NatWest Group's analyst price target has increased, with recent revisions raising the target from approximately £6.10 to levels as high as £7.00. Analysts cite improved profit outlook and robust sector fundamentals in their assessments.Narrative Update • Oct 09
Digital Transformation And Sustainable Finance Will Drive Progress
NatWest Group's analyst price target has been increased, with the consensus estimate rising to £6.05 from £5.99. Analysts cite improved revenue growth and margin outlook in recent updates.Narrative Update • Sep 23
Digital Transformation And Sustainable Finance Will Drive Progress
The consensus analyst price target for NatWest Group has been modestly raised to £5.99, reflecting improved earnings momentum, robust capital returns, effective cost control, and a more constructive macroeconomic outlook. Analyst Commentary Bullish analysts cite strong underlying earnings momentum and resilient net interest margin performance as key drivers for target upgrades.Narrative Update • Aug 29
Digital Transformation And Sustainable Finance Will Drive Progress
NatWest Group’s consensus price target has been modestly raised to £5.91, reflecting analyst confidence in improved earnings visibility, stable UK economic conditions, operational efficiency, and capital return potential. Analyst Commentary Bullish analysts cite improved earnings visibility and confidence in NatWest’s underlying profitability as drivers for higher price targets.Analysis Article • Jul 28
NatWest Group (LON:NWG) Has Announced A Dividend Of £0.095
The board of NatWest Group plc ( LON:NWG ) has announced that it will pay a dividend on the 12th of September, with...Analysis Article • Jun 10
Here's Why NatWest Group (LON:NWG) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
New Narrative • Nov 07
Calculated Growth And Optimisation Propel Revenue Yet Margin Pressures Pose Risks
NatWest's focus on disciplined growth and simplification could boost future income, revenue, and earnings through strategic acquisitions and market share expansion.Shareholder Returns
| NWG | GB Banks | GB Market | |
|---|---|---|---|
| 7D | -1.6% | 1.6% | -0.9% |
| 1Y | 11.4% | 48.2% | 18.0% |
Return vs Industry: NWG underperformed the UK Banks industry which returned 48.2% over the past year.
Return vs Market: NWG underperformed the UK Market which returned 18% over the past year.
Price Volatility
| NWG volatility | |
|---|---|
| NWG Average Weekly Movement | 5.2% |
| Banks Industry Average Movement | 5.4% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in GB Market | 12.0% |
| 10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: NWG has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: NWG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1727 | 53,200 | John-Paul Thwaite | www.natwestgroup.com |
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services.
NatWest Group plc Fundamentals Summary
| NWG fundamental statistics | |
|---|---|
| Market cap | UK£47.59b |
| Earnings (TTM) | UK£5.66b |
| Revenue (TTM) | UK£16.25b |
8.3x
P/E Ratio1.1x
P/B RatioIs NWG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NWG income statement (TTM) | |
|---|---|
| Revenue | UK£16.25b |
| Cost of Revenue | UK£0 |
| Gross Profit | UK£16.25b |
| Other Expenses | UK£10.60b |
| Earnings | UK£5.66b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 31, 2026
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 100.00% |
| Net Profit Margin | 34.82% |
| Debt/Equity Ratio | 315.5% |
How did NWG perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield46%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 21:39 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NatWest Group plc is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Arturo de Frias Marques | Banco Santander |
| Amandeep Rakkar | Barclays |
| Thomas Andrew Rayner | Barclays |