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NatWest Group (GB:NWG)
LSE:NWG

NatWest Group (NWG) AI Stock Analysis

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GB:NWG

NatWest Group

(LSE:NWG)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
770.00p
â–²(10.92% Upside)
NatWest Group's overall stock score is driven by strong technical indicators and attractive valuation metrics. The company's robust earnings call and positive corporate events further bolster its position. However, cash flow volatility remains a concern that slightly tempers the overall score.
Positive Factors
Strong capital position
A CET1 ratio of 14.2% and 202bp organic capital generation provide a durable regulatory buffer, enabling continued lending, regulatory confidence, and capacity for buybacks or dividends. Strong capital supports long-term balance-sheet resilience and strategic flexibility.
Lending growth momentum
Sustained loan book expansion across mortgages and unsecured segments underpins recurring net interest income and customer franchise strength. Diversified loan growth supports revenue durability, cross-selling potential, and scale advantages in the UK market over the medium term.
Noninterest income / AUM expansion
Meaningful AUM growth and rising noninterest income diversify revenue away from pure interest margins. Fee-based businesses provide more stable, lower-volatility income streams, strengthening earnings resilience as market cycles evolve and reducing sensitivity to interest rate swings.
Negative Factors
Cash flow volatility
Material swings in operating cash flow constrain consistent capital allocation and increase reliance on internal buffers or external funding. Over months this can limit predictable buybacks/dividends and complicate investment planning, reducing financial flexibility in adverse scenarios.
Deposit retention pressures
Erosions in retail deposits from maturities and competitive dynamics raise funding cost and reliance on alternative wholesale sources. Structural deposit pressure can compress net interest margins and increase funding volatility, affecting profitability and loan growth capacity over the medium term.
Wealth arm disposal reduces fee base
A likely sale of the majority stake in Cushon would shrink NatWest's AUM and recurring fee income, reducing scale in defined-contribution pensions. While proceeds may be redeployed, the transaction narrows long-term fee diversification and weakens wealth-management foothold.

NatWest Group (NWG) vs. iShares MSCI United Kingdom ETF (EWC)

NatWest Group Business Overview & Revenue Model

Company DescriptionNatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Commercial Banking, Private Banking, RBS International, and NatWest Markets 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. The Commercial Banking segment offers banking and financing solutions to start-up, SME, commercial, corporate, and institutional customers. The Private Banking segment provides private banking and wealth management products for high-net-worth individuals and their business interests. The RBS International segment offers banking various products and services to institutional customers. It also operates in wholesale branches and fund depositary service businesses. The NatWest Markets segment provides services to corporate and institutional customers for the management of financial risks for achieving short-term and long-term sustainable financial goals. NatWest Group plc operates approximately 800 branches and 16,000 physical points of presence. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.
How the Company Makes MoneyNatWest Group generates revenue through multiple key streams, primarily from net interest income and non-interest income. Net interest income is derived from the difference between the interest earned on loans and mortgages provided to customers and the interest paid on deposits and borrowings. Non-interest income includes fees and commissions from various banking services, such as account maintenance fees, transaction fees, and wealth management services. Additionally, NatWest engages in investment banking activities, providing advisory and capital market services to corporate clients, which also contributes to its revenue. Significant partnerships with tech firms and fintech companies enhance its digital banking capabilities, attracting more customers and driving further revenue growth.

NatWest Group Earnings Call Summary

Earnings Call Date:Oct 24, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 13, 2026
Earnings Call Sentiment Positive
The earnings call reflected a strong financial performance with significant income and lending growth. The bank also demonstrated effective capital management and noninterest income growth. However, there were challenges related to deposit management and impairment charges. Despite these issues, the overall sentiment remains positive due to the overwhelming financial achievements and strategic growth plans.
Q3-2025 Updates
Positive Updates
Strong Financial Performance
Income grew to GBP 12.1 billion, 12.5% higher than the first 9 months last year. Operating profit was GBP 5.8 billion with an attributable profit of GBP 4.1 billion. Return on tangible equity was 19.5%.
Lending Growth
Lending has grown 4.4% since the year-end to GBP 388 billion. Mortgage lending was up by more than GBP 5 billion, and unsecured lending grew GBP 2.9 billion or 17.3%.
Customer Growth
The bank attracted a further 70,000 new customers in the quarter.
Capital Management
CET1 ratio ended the third quarter at 14.2%, with 202 basis points of capital generated in 9 months.
Noninterest Income Growth
Assets under management and administration grew 14.5% to GBP 56 billion, contributing to noninterest income growth.
Negative Updates
Deposit Challenges
Retail banking deposit balances were down GBP 0.8 billion due to large fixed-term saving maturities and competitive market dynamics.
Impairment Charges
The bank reported a net impairment charge of GBP 153 million for the third quarter, equivalent to 15 basis points of loans.
Company Guidance
In their recent call, NatWest Group announced an upgrade to their full-year guidance, projecting income to reach approximately GBP 16.3 billion and expecting returns to surpass 18%. The call highlighted several key performance metrics, including a 4.4% increase in lending, which brought the total to GBP 388 billion. The bank also reported a 0.8% rise in deposits to GBP 435 billion. Noninterest income contributed to strong financial performance, with income growing 12.5% year-over-year to GBP 12.1 billion, while costs increased by 2.5% to GBP 5.9 billion, resulting in an operating profit of GBP 5.8 billion and attributable profit of GBP 4.1 billion. The return on tangible equity was reported at 19.5%, supported by a 5 percentage point reduction in the cost/income ratio to 47.8% and a CET1 ratio of 14.2%. The bank also generated 202 basis points of capital over nine months and expects to complete a GBP 750 million share buyback by year-end, with earnings per share growing by 32.4%.

NatWest Group Financial Statement Overview

Summary
NatWest Group shows a stable financial position with a strong equity base and effective debt management. While income statement metrics indicate improved profitability, cash flow volatility suggests potential challenges in liquidity management.
Income Statement
65
Positive
NatWest Group's revenue has shown fluctuations over the years, with a slight decline in 2024 compared to 2023. Gross profit margin remains consistent at 100% due to the nature of financial services. Net profit margin improved in 2024 due to increased net income, indicating better cost control. However, EBIT and EBITDA margins are unavailable for the latest year, limiting a comprehensive profitability assessment.
Balance Sheet
72
Positive
The company maintains a strong equity base with a high equity ratio, reflecting financial stability. The debt-to-equity ratio is favorable, showing effective leverage management. Return on equity has improved, suggesting efficient use of shareholders' funds. However, fluctuations in total assets and liabilities over the years indicate potential volatility in the balance sheet.
Cash Flow
58
Neutral
NatWest Group's cash flow has been volatile, with significant variations in operating cash flow. The free cash flow has improved in 2024 but remains modest compared to previous years. The operating cash flow to net income ratio suggests a cautious approach to cash management. The fluctuations highlight potential challenges in maintaining consistent cash flow performance.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue21.80B14.34B14.17B12.98B11.75B7.69B
Gross Profit15.30B14.34B14.78B13.35B10.34B10.80B
EBITDA7.86B7.25B6.56B5.55B4.77B677.00M
Net Income5.25B4.80B4.64B3.59B3.27B-727.00M
Balance Sheet
Total Assets730.78B707.99B692.67B720.05B781.99B799.49B
Cash, Cash Equivalents and Short-Term Investments90.71B182.46B104.52B145.06B177.76B124.49B
Total Debt69.96B65.92B127.26B116.55B125.60B103.97B
Total Liabilities688.80B668.61B655.49B683.56B740.19B755.67B
Stockholders Equity41.96B39.35B37.16B36.49B41.80B43.86B
Cash Flow
Free Cash Flow0.00694.00M-14.92B-44.24B52.79B28.72B
Operating Cash Flow0.001.77B-13.37B-43.60B53.69B29.09B
Investing Cash Flow0.00-12.70B-14.69B19.06B3.06B7.55B
Financing Cash Flow0.00-1.89B-23.52B-10.65B-2.60B90.00M

NatWest Group Technical Analysis

Technical Analysis Sentiment
Positive
Last Price694.20
Price Trends
50DMA
639.44
Positive
100DMA
598.11
Positive
200DMA
551.17
Positive
Market Momentum
MACD
10.88
Negative
RSI
69.28
Neutral
STOCH
91.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NWG, the sentiment is Positive. The current price of 694.2 is above the 20-day moving average (MA) of 651.47, above the 50-day MA of 639.44, and above the 200-day MA of 551.17, indicating a bullish trend. The MACD of 10.88 indicates Negative momentum. The RSI at 69.28 is Neutral, neither overbought nor oversold. The STOCH value of 91.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NWG.

NatWest Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£224.14B18.048.88%4.27%-11.86%-24.31%
78
Outperform
£68.92B11.969.72%1.50%14.18%46.12%
77
Outperform
£42.92B12.8610.45%1.70%-4.35%21.86%
75
Outperform
£54.57B10.3814.96%3.85%4.27%26.21%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
67
Neutral
£65.60B15.888.08%3.41%-22.85%-21.12%
49
Neutral
£306.39M-3.92-16.30%―-3.77%-147.20%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:NWG
NatWest Group
694.20
288.25
71.01%
GB:STAN
Standard Chartered
1,879.00
836.97
80.32%
GB:BARC
Barclays
501.60
214.96
74.99%
GB:HSBA
HSBC Holdings
1,301.00
515.47
65.62%
GB:LLOY
Lloyds Banking
112.60
53.96
92.02%
GB:VANQ
Vanquis Banking Group
119.40
62.30
109.11%

NatWest Group Corporate Events

Business Operations and StrategyStock Buyback
NatWest Buys Back and Cancels Nearly 796,000 Shares Under Ongoing Programme
Positive
Feb 2, 2026

NatWest Group plc has repurchased 795,988 of its ordinary shares on 2 February 2026 on the London Stock Exchange as part of its existing share buyback programme, at a volume-weighted average price of 673.71 pence per share. The bank intends to cancel the repurchased shares, which will leave it with 218,707,198 ordinary shares held in treasury and 7,988,712,660 ordinary shares in issue, a move that supports capital management and may enhance earnings per share for investors while signalling continued confidence in its financial position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £752.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Purchase of 787,709 Shares
Positive
Jan 30, 2026

NatWest Group has continued its existing share buyback programme by repurchasing 787,709 ordinary shares on 30 January 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 663.60 pence per share. The bank intends to cancel the repurchased shares, which will reduce the number of shares in circulation and can enhance earnings per share, leaving it with 218,748,847 shares held in treasury and 7,989,466,999 ordinary shares in issue, signalling ongoing capital return to shareholders and confidence in its capital position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £738.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Regulatory Filings and Compliance
NatWest Group Updates Market on Total Voting Rights and Share Capital
Neutral
Jan 30, 2026

NatWest Group has disclosed its total voting rights and issued share capital as at 30 January 2026, in line with UK Disclosure Guidance and Transparency Rules. The bank reported 7,991,063,144 ordinary shares in issue excluding treasury shares, with each ordinary share carrying four voting rights, resulting in 31,964,252,576 exercisable voting rights, alongside additional non-exercisable voting rights attached to cumulative preference shares and ordinary shares held in treasury. The total number of shares in issue amounts to 8,210,295,131, representing 31,966,185,136 voting rights in aggregate, a figure shareholders are advised to use when assessing whether they must notify holdings or changes in holdings under regulatory disclosure requirements, underscoring ongoing transparency obligations for investors in the group.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £738.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Continues Share Buyback With £0.66-per-Share Repurchase
Positive
Jan 29, 2026

NatWest Group has repurchased 808,436 of its ordinary shares on 29 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 659.73p per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, leaving 218,787,070 shares held in treasury and 7,990,216,485 shares in issue, a move that supports capital return to shareholders and may enhance earnings per share while signalling continued confidence in its balance sheet strength and capital position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £743.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Continues Share Buyback with £0.81m Share Repurchase on 28 January
Positive
Jan 28, 2026

NatWest Group has repurchased 810,744 of its own ordinary shares on 28 January 2026 through Merrill Lynch International as part of its ongoing share buyback programme, at a volume-weighted average price of 661.96 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, leaving 218,865,321 ordinary shares held in treasury and 7,990,946,670 shares in issue, a move that incrementally reduces its free float and can enhance earnings per share, signalling continued capital return to shareholders and balance sheet strength.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £754.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Repurchases 796,761 Shares for Cancellation Under Ongoing Buyback
Positive
Jan 27, 2026

NatWest Group has repurchased 796,761 of its own ordinary shares on 27 January 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 665.48 pence per share on the London Stock Exchange. The repurchased shares, acquired from Merrill Lynch International under instructions issued in July 2025, are intended to be cancelled, leaving the bank with 218,955,463 shares held in treasury and 7,991,667,272 ordinary shares in issue, a move that marginally reduces the share count and may enhance capital efficiency and shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £735.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels Over 800,000 Shares Under Ongoing Buyback
Positive
Jan 26, 2026

NatWest Group has repurchased 811,927 of its ordinary shares on 26 January 2026 as part of its ongoing share buyback programme, with the trades executed by Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 651.31 pence per share. The bank intends to cancel the repurchased shares, which will reduce the number of shares in circulation to 7,992,420,184 (excluding 218,999,312 shares held in treasury), a move that typically supports capital management objectives and may enhance earnings per share for remaining shareholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £731.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Repurchases and Cancels 821,613 Shares Under Ongoing Buyback Programme
Positive
Jan 23, 2026

NatWest Group has repurchased 821,613 ordinary shares on 23 January 2026 from Merrill Lynch International as part of its existing share buyback programme, paying a volume-weighted average price of 649.75p per share. The bank intends to cancel the repurchased shares, which will leave it holding 219,045,601 shares in treasury and 7,993,185,822 ordinary shares in issue, a move that is expected to enhance capital efficiency and potentially support earnings per share and shareholder value by reducing the free-float share count.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £734.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases Over 800,000 Shares Under Ongoing Buyback Programme
Positive
Jan 22, 2026

NatWest Group has repurchased 811,319 of its ordinary shares on 22 January 2026 as part of its ongoing share buyback programme, with the shares bought on the London Stock Exchange at a volume-weighted average price of 654.46 pence. The bank plans to cancel the repurchased shares, resulting in 219,129,618 ordinary shares held in treasury and 7,993,923,418 ordinary shares in issue, a move that supports capital management objectives and may enhance earnings per share and capital return for shareholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £734.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Continues Share Buyback With January Purchase for Cancellation
Positive
Jan 21, 2026

NatWest Group has repurchased 830,691 of its own ordinary shares on 21 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 647.34 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, which will leave it holding 219,247,163 shares in treasury and 7,994,617,192 shares in issue, a move that supports capital return to shareholders and marginally enhances earnings per share by reducing the stock’s free float.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £730.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Buys Back Over 800,000 Shares for Cancellation in Ongoing Capital Return
Positive
Jan 20, 2026

NatWest Group has repurchased 812,206 of its ordinary shares on 20 January 2026 as part of its ongoing share buyback programme, with the trades executed by Merrill Lynch International on the London Stock Exchange at a volume‑weighted average price of 648.77 pence per share. The bank plans to cancel the repurchased shares, leaving 7,995,366,513 ordinary shares in issue excluding 219,328,533 shares held in treasury, a move that supports capital management, can enhance earnings per share over time, and underscores management’s commitment to returning surplus capital to shareholders while tightening the free float of its stock.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £738.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Continues Share Buyback With Purchase of 827,000 Shares
Positive
Jan 19, 2026

NatWest Group has continued its existing share buyback programme by repurchasing 826,992 ordinary shares on 19 January 2026 from Merrill Lynch International on the London Stock Exchange, at a volume-weighted average price of 643.14 pence per share. The bank plans to cancel the repurchased shares, which will leave 219,454,919 ordinary shares held in treasury and 7,996,052,333 shares in issue (excluding treasury), a move that marginally reduces the company’s outstanding share count and can be supportive of earnings per share and capital return to shareholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £738.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With New £0.644 per Share Purchase
Positive
Jan 16, 2026

NatWest Group has continued its ongoing share buyback programme, repurchasing 827,502 ordinary shares on 16 January 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 644.39 pence per share. The bank intends to cancel the repurchased shares, which will reduce the number of shares in circulation and is typically supportive of earnings per share and capital return to investors; following settlement, NatWest will hold 219.5 million shares in treasury and have just under 8.0 billion ordinary shares in issue, underscoring its active capital management strategy.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £680.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With New £0.64-Per-Share Repurchase
Positive
Jan 15, 2026

NatWest Group has repurchased 827,445 of its own ordinary shares on 15 January 2026 through Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.29 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, leaving 219,591,372 shares held in treasury and 7,997,570,374 shares in issue, a move that supports capital management, may enhance earnings per share, and signals continued confidence in its financial position to investors.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Capital Return Drive With Further Share Buyback
Positive
Jan 14, 2026

NatWest Group has repurchased 842,406 ordinary shares on 14 January 2026 as part of its ongoing share buyback programme, buying the stock on the London Stock Exchange at a volume-weighted average price of 630.97p per share. The bank intends to cancel the repurchased shares, which will reduce its share count to 7,998,241,274 ordinary shares in issue (excluding 219,747,917 held in treasury), supporting capital return to investors and potentially enhancing earnings per share and capital efficiency as it continues to manage its balance sheet and shareholder distributions.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 845,000 Shares Under Ongoing Buyback
Positive
Jan 13, 2026

NatWest Group has repurchased 845,398 of its ordinary shares on 13 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 630.81 pence per share on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 7,999,008,668 ordinary shares in issue excluding 219,822,929 shares held in treasury, a move that supports capital return to shareholders and may enhance earnings per share and capital efficiency within its broader capital management strategy.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Capital Return Drive With Further Share Buyback and Cancellation
Positive
Jan 12, 2026

NatWest Group has repurchased 842,883 of its ordinary shares on 12 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.01 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, which will leave 219,918,893 ordinary shares held in treasury and 7,999,758,102 ordinary shares in issue, a move that continues its capital return strategy and slightly enhances earnings per share for existing investors by reducing the overall share count.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
NatWest refreshes board with tech-focused non-executive director appointment
Positive
Jan 12, 2026

NatWest Group has announced that long-serving non-executive director Yasmin Jetha will retire from its board on 31 March 2026, marking the end of her tenure that began in 2017. The bank has appointed technology veteran Albert Hitchcock as an independent non-executive director from 16 February 2026, bringing more than three decades of experience in technology, cyber, AI and financial services from senior roles at Nortel Networks, Vodafone, Pearson and, more recently, as a non-executive director at Nationwide Building Society. The move underscores NatWest’s strategic focus on strengthening its board-level expertise in digital transformation and technology governance at a time when cyber resilience and AI capabilities are increasingly central to competitive positioning and risk management in the banking sector.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels Further Shares Under Ongoing Buyback Programme
Positive
Jan 9, 2026

NatWest Group has continued its existing share buyback programme, repurchasing 841,756 ordinary shares on 9 January 2026 on the London Stock Exchange at a volume-weighted average price of 641.89 pence per share from Merrill Lynch International. The bank plans to cancel the repurchased shares, which will leave it holding 219,996,633 shares in treasury and 8,000,523,245 ordinary shares in issue, a move that marginally reduces the share count and can enhance earnings per share and capital return to investors as part of its broader capital management strategy.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Cancels 799,553 Shares in Ongoing Buyback Programme
Positive
Jan 8, 2026

NatWest Group has repurchased 799,553 of its ordinary shares on 8 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 640.21 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, which will leave it with 220,084,521 shares held in treasury and 8,001,277,113 ordinary shares in issue excluding treasury, a move that supports capital return to shareholders and may enhance earnings per share while signalling continued confidence in the group’s financial position.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback with £848,792-Share Repurchase for Cancellation
Positive
Jan 7, 2026

NatWest Group plc has repurchased 848,792 of its own ordinary shares on 7 January 2026 as part of its ongoing share buyback programme, executed through Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 638.20 pence per share. The bank intends to cancel the repurchased shares, a move that will slightly reduce the total number of shares in issue to 8.0 billion (excluding 220.3 million held in treasury), supporting capital efficiency and potentially enhancing earnings per share, while signalling continued confidence in its balance sheet and long-term value to shareholders.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £700.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 787,737 Shares Under Ongoing Buyback Programme
Positive
Jan 6, 2026

NatWest Group plc has repurchased 787,737 of its ordinary shares on 6 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 666.27 pence per share on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 220,488,230 shares held in treasury and 8,002,521,749 ordinary shares in issue, a move that supports capital management and may enhance earnings per share while signalling continued confidence in the group’s financial position to shareholders and the wider market.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Continues Share Buyback With Purchase of 806,867 Shares for Cancellation
Positive
Jan 5, 2026

NatWest Group has repurchased 806,867 of its ordinary shares on 5 January 2026 from Merrill Lynch International as part of its ongoing share buyback programme, paying a volume-weighted average price of 664.25 pence per share on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 8,003,055,571 ordinary shares in issue excluding 220,742,145 shares held in treasury, a move that supports capital return to shareholders and may enhance earnings per share by reducing the overall share count.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Other
NatWest Chairman and Non-Executive Directors Increase Shareholdings
Positive
Jan 5, 2026

NatWest Group has disclosed that its chairman and several independent non-executive directors, including the senior independent director, purchased additional ordinary shares in the bank on 2 January 2026 under the company’s shareholding policy for the board. The insider share purchases, all executed on the London Stock Exchange at £6.6040 per share, underline continued alignment of the board’s financial interests with those of shareholders and provide a signal of confidence in the bank’s prospects and governance practices.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Repurchase of Over 1 Million Shares
Positive
Jan 2, 2026

NatWest Group plc has repurchased 1,060,397 of its ordinary shares on 2 January 2026 as part of its ongoing share buyback programme, with trades executed on the London Stock Exchange through Merrill Lynch International. The bank intends to cancel the repurchased shares, leaving 220,914,162 shares held in treasury and 8,003,690,421 ordinary shares in issue, a move that marginally reduces its share count and can enhance earnings per share, signalling continued capital return to shareholders and confidence in its balance sheet.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases and Cancels 562,698 Shares Under Ongoing Buyback Programme
Positive
Jan 2, 2026

NatWest Group has continued its ongoing share buyback programme by repurchasing 562,698 ordinary shares from Merrill Lynch International on 31 December 2025, at a volume-weighted average price of 651.29 pence per share on the London Stock Exchange. The bank intends to cancel the repurchased shares, which will leave it with 221,018,778 ordinary shares held in treasury and 8,004,646,202 ordinary shares in issue excluding treasury, a move that marginally enhances earnings per share and signals continued capital return to shareholders within its existing buyback framework.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Repurchases and Cancels Further Shares Under Ongoing Buyback Programme
Positive
Dec 24, 2025

NatWest Group has repurchased 193,319 of its ordinary shares on 24 December 2025 under its ongoing share buyback programme, with the shares acquired on the London Stock Exchange at a volume-weighted average price of 647.46 pence. The bank intends to cancel the repurchased shares, leaving 221,577,438 shares held in treasury and 8,006,316,790 shares in issue, a move that marginally reduces the overall share count and can enhance earnings per share and capital returns for existing shareholders while signalling continued confidence in the group’s financial position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Continues Share Buyback With Purchase and Cancellation of 771,656 Shares
Positive
Dec 23, 2025

NatWest Group has repurchased 771,656 of its ordinary shares on 23 December 2025 as part of its ongoing share buyback programme, with the trades executed on the London Stock Exchange by Merrill Lynch International. The bank intends to cancel the repurchased shares, which will leave it holding 221,881,172 shares in treasury and 8,006,206,375 shares in issue, a move that marginally reduces its share count and can enhance earnings per share while signalling continued capital strength and active balance sheet management to investors.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Regulatory Filings and Compliance
NatWest CIO Exercises ShareSave Option to Acquire Additional Shares
Neutral
Dec 23, 2025

NatWest Group has disclosed that Group Chief Information Officer Scott Marcar has acquired 1,933 ordinary shares in the bank following the exercise of an option granted under the NatWest Group plc 2017 UK ShareSave Plan. The shares, with a nominal value of £1.0769 each, were purchased on 23 December 2025 at £1.8619 per share on the London Stock Exchange, constituting a routine notification of a transaction by a person discharging managerial responsibilities in line with market abuse regulations.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Repurchases 882,353 Shares Under Ongoing Buyback Programme
Positive
Dec 22, 2025

NatWest Group has repurchased 882,353 of its own ordinary shares on 22 December 2025 as part of its ongoing share buyback programme, with the trades executed via Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 643.06 pence per share. The bank plans to cancel the repurchased shares, which will leave it holding 222,478,928 shares in treasury and 8,006,380,275 ordinary shares in issue, a move that is likely to enhance earnings per share and reflects continued capital return to shareholders under its existing buyback mandate.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Executes Share Buyback as Part of Ongoing Program
Neutral
Dec 12, 2025

NatWest Group plc has executed a share buyback transaction, purchasing 865,257 ordinary shares at a volume-weighted average price of 618.21 GBp per share. This move is part of the company’s ongoing share buyback program, with the intention to cancel the repurchased shares, potentially impacting the company’s stock value and shareholder equity.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Executes Share Buyback to Enhance Shareholder Value
Positive
Dec 11, 2025

NatWest Group plc announced the purchase of 857,028 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value Through Share Buyback
Positive
Dec 10, 2025

NatWest Group plc announced the repurchase of 857,176 ordinary shares as part of its ongoing share buyback program, with the highest price paid per share being 620.80 GBp and the lowest at 610.80 GBp. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Executes Share Buyback as Part of Ongoing Program
Neutral
Dec 9, 2025

NatWest Group plc has executed a share buyback transaction, purchasing 862,225 ordinary shares at an average price of 621.45 GBp per share. This move is part of an ongoing share buyback program, with the repurchased shares intended for cancellation, potentially impacting the company’s share capital structure and shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Continues Share Buyback Program
Positive
Dec 8, 2025

NatWest Group plc has announced the purchase of 851,800 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. This move is part of the company’s strategy to manage its capital structure by reducing the number of shares in circulation, which could potentially enhance shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Dec 5, 2025

NatWest Group plc has announced the purchase of 855,069 of its own ordinary shares as part of its ongoing share buyback program. The repurchased shares, acquired at an average price of 623.54 GBp, will be cancelled, reducing the total number of shares in circulation and potentially enhancing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Other
NatWest Chairman Purchases Shares, Signaling Confidence
Positive
Dec 5, 2025

NatWest Group plc announced a transaction involving Rick Haythornthwaite, the Chairman, who purchased 23,869 ordinary shares at £6.2820 each on the London Stock Exchange. This transaction highlights insider confidence in the company’s stock, potentially impacting investor perceptions and market positioning.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
NatWest Group Launches £40 Billion Euro Medium Term Note Programme
Positive
Dec 5, 2025

NatWest Group plc has announced the approval and publication of a prospectus for its £40 billion Euro Medium Term Note Programme. This development signifies a strategic financial move, potentially enhancing the company’s capital structure and offering more flexibility in its funding operations, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Strategy
Positive
Dec 4, 2025

NatWest Group plc has announced the purchase of 843,622 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to optimizing its financial operations and market positioning.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Program
Positive
Dec 3, 2025

NatWest Group plc announced the purchase of 851,396 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategic effort to manage its capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Executes Share Buyback to Adjust Capital Structure
Neutral
Dec 2, 2025

NatWest Group plc has announced the purchase of 834,401 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to cancel the repurchased shares, impacting the company’s share capital structure by holding 230,155,278 shares in treasury and having 8,011,219,497 shares in issue.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
NatWest Group Passes 2025 Bank of England Stress Test with Strong Resilience
Positive
Dec 2, 2025

NatWest Group has successfully passed the Bank of England’s 2025 stress test, demonstrating its strong financial resilience. The Group’s capital ratios remained well above the required minimums, highlighting its ability to withstand severe economic scenarios without needing strategic management actions. This outcome underscores the continued strengthening of NatWest’s balance sheet since the previous stress test, ensuring sustainable value creation and robust shareholder distributions.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Strategy
Positive
Dec 1, 2025

NatWest Group plc has announced the purchase of 2,432,493 ordinary shares as part of its ongoing share buyback program, with the shares acquired from Merrill Lynch International. The company plans to cancel these repurchased shares, which will impact the total number of shares in issue, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
NatWest Group Announces Redemption of $1.5 Billion Capital Notes
Positive
Dec 1, 2025

NatWest Group plc has announced the redemption of its $1.5 billion 6.000% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes on December 29, 2025. This redemption will result in a gain to Common Equity Tier 1 of approximately 5 basis points due to changes in foreign exchange rates since the issuance of the Notes, potentially strengthening the company’s capital position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Advances Share Buyback Program
Positive
Nov 28, 2025

NatWest Group plc has announced the purchase of 492,803 of its own ordinary shares as part of its ongoing share buyback program. The shares, acquired at a volume-weighted average price of 632.06 GBp, will be cancelled, reducing the number of shares in circulation and potentially enhancing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Regulatory Filings and Compliance
NatWest Group Announces Total Voting Rights and Capital Update
Neutral
Nov 28, 2025

NatWest Group plc has announced the total voting rights and capital as of 28 November 2025, in line with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,061,985,824 voting rights, which shareholders can use to assess their interest in the company. This update is crucial for stakeholders to understand their voting power and any potential changes in their shareholding status.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Program with Latest Purchase
Positive
Nov 27, 2025

NatWest Group plc announced the purchase of 34,122 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel the repurchased shares, which is expected to optimize its capital structure and potentially enhance shareholder value. Following this transaction, NatWest holds a significant number of shares in treasury, reflecting its strategic focus on managing share capital effectively.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Dividends
NatWest Group Declares Half-Yearly Dividends on Preference Shares
Positive
Nov 27, 2025

NatWest Group has announced the declaration of half-yearly dividends on its 11 per cent and 5.5 per cent cumulative preference shares, set to be paid on 31 December 2025. This decision reflects the company’s commitment to providing returns to its shareholders and could impact its financial performance and stakeholder confidence.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Strategy
Positive
Nov 26, 2025

NatWest Group plc has announced the purchase of 429,074 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, reflecting its strong financial position and commitment to enhancing shareholder returns.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 25, 2025

NatWest Group plc has announced the purchase of 880,354 of its own ordinary shares as part of its ongoing share buyback program. These shares, bought from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Announces Share Buyback Transaction
Neutral
Nov 24, 2025

NatWest Group plc has announced the purchase of 911,626 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure, with the repurchased shares intended for cancellation. Following this transaction, NatWest will hold over 230 million shares in treasury, with more than 8 billion shares remaining in issue, reflecting the company’s continued efforts to optimize shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Program with New Purchase
Positive
Nov 21, 2025

NatWest Group plc announced the purchase of 922,666 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares set to be canceled. Following this transaction, NatWest will hold over 230 million shares in treasury, reflecting its strategic focus on optimizing its capital structure and returning value to shareholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Program with Recent Purchase
Positive
Nov 20, 2025

NatWest Group plc has announced the purchase of 918,142 ordinary shares as part of its ongoing share buyback program, with the highest price paid being 585.00 GBp and the lowest at 577.00 GBp. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure, and the repurchased shares will be canceled, impacting the total number of shares in issue and potentially benefiting shareholders by increasing the value of remaining shares.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 19, 2025

NatWest Group plc has announced the repurchase of 905,959 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and Strategy
NatWest CFO to Speak at J.P. Morgan UK Leaders Conference
Neutral
Nov 19, 2025

NatWest Group’s Chief Financial Officer, Katie Murray, is set to participate in a fireside chat at the J.P. Morgan UK Leaders Conference on November 19, 2025. This participation highlights NatWest’s engagement with key industry events and may provide insights into the company’s strategic direction and financial outlook.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 18, 2025

NatWest Group plc has announced the purchase of 917,778 of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and benefiting shareholders. The company plans to cancel the repurchased shares, which will leave it with over 8 billion shares in issue, excluding treasury shares.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
NatWest Group Announces Executive Share Transactions
Neutral
Nov 18, 2025

NatWest Group plc announced recent transactions involving its senior management, highlighting significant share purchases and options grants. Independent non-executive director Joshua Critchley acquired 16,000 ordinary shares on the London Stock Exchange, while options under the 2017 UK ShareSave Plan were granted to several executives, including Solange Chamberlain, James Holian, and Maria Kokkinou, with varying contract terms. These transactions reflect strategic moves to align management interests with company performance, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 17, 2025

NatWest Group plc has announced the purchase of 882,700 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation by canceling the repurchased shares, which could potentially enhance shareholder value by increasing earnings per share.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value Through Share Buyback
Positive
Nov 14, 2025

NatWest Group plc has announced the purchase of 886,570 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, reflects the company’s strategic move to manage its capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyStock Buyback
NatWest Group Advances Share Buyback Program
Positive
Nov 13, 2025

NatWest Group plc announced the purchase of 45,476 ordinary shares as part of its ongoing share buyback program. The transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure effectively by reducing the number of shares in circulation, potentially enhancing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
NatWest Group Releases Q3 2025 Pillar 3 Documents
Neutral
Nov 12, 2025

NatWest Group plc has released its Q3 2025 Pillar 3 documents for its large subsidiaries, which are now accessible on its website. This publication is part of the company’s regulatory compliance and transparency efforts, potentially impacting stakeholders by providing insights into the financial stability and risk management practices of the group.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
NatWest Group Executives Receive and Sell Shares Under Employee Plan
Neutral
Nov 11, 2025

NatWest Group plc announced the delivery of ordinary shares to its senior executives under the 2024 Employee Share Plan, reflecting a fixed share allowance for the quarter ending December 2025. The shares, calculated at a price of £5.8640, were partially withheld to cover tax liabilities, with the remainder to be released over five years. Additionally, several executives, including the Group CEO and CFO, sold shares on the London Stock Exchange, indicating strategic financial decisions within the company.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
NatWest Group Publishes Final Terms for GBP750 Million Notes
Neutral
Nov 10, 2025

NatWest Group plc has announced the publication of the Final Terms for its GBP750 million 4.758% Fixed to Fixed Rate Reset Notes due November 2031. These notes are part of the company’s £40 billion Euro Medium Term Note Programme. The release of these terms is a significant step in NatWest’s financial strategy, potentially impacting its market operations and offering insights into its future financial planning.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £725.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 4, 2025

NatWest Group plc announced the purchase of 970,948 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation, enhancing shareholder value and reflecting the company’s commitment to returning capital to its investors.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £725.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Nov 3, 2025

NatWest Group plc has announced the purchase of 908,333 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel these shares, which is expected to impact its share capital structure by reducing the number of shares in circulation, potentially increasing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £725.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025