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NatWest Group (GB:NWG)
LSE:NWG
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NatWest Group (NWG) AI Stock Analysis

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GB:NWG

NatWest Group

(LSE:NWG)

Rating:74Outperform
Price Target:
613.00p
▲(12.60% Upside)
NatWest Group's strong earnings call performance and positive technical indicators are the most significant factors driving the score. While the financial performance shows stability, cash flow volatility is a concern. The valuation suggests the stock is undervalued, and the attractive dividend yield adds to its appeal.
Positive Factors
Analyst Recommendation
Analysts have reiterated a Buy recommendation and increased the price objective to reflect higher tangible book value and a lower cost of equity.
Dividend and Share Buyback
Management announced a dividend and a share buyback of £750m, signaling confidence in the company's financial health.
Financial Performance
NatWest produced a solid set of Q2 results, demonstrating their ability to navigate through a range of macroeconomic scenarios.
Loan Growth
Loan growth remains healthy despite mortgage seasonality, with commercial loan growth stronger than expected.
Negative Factors
Deposit Mix
Despite the moves in deposit mix, the overall quarter was solid, yet the deposit mix change may present a headwind.

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 various streams, primarily from interest income, fees, and commissions. The bank earns interest income by lending money to customers at higher rates than it pays on deposits, which is a fundamental banking practice. Additionally, NatWest charges fees for services such as account maintenance, overdrafts, and transaction processing. The company also benefits from income generated through its investment banking and wealth management services. Significant partnerships, including those with fintech companies and other financial institutions, enhance its product offerings and customer reach, contributing to its overall earnings.

NatWest Group Earnings Call Summary

Earnings Call Date:Jul 24, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 24, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance, significant strategic progress, and substantial customer growth. While there were minor concerns regarding impairment charges and potential rate cuts, the positive aspects significantly outweigh the negatives.
Q2-2025 Updates
Positive Updates
Government Stake Sold
NatWest Group is now privately owned for the first time in 17 years, marking a significant milestone and attracting new investors.
Strong Financial Performance
Income grew 13.7% to GBP 8 billion, while costs reduced 1.4% to GBP 3.9 billion. Operating profit was GBP 3.6 billion with an attributable profit of GBP 2.5 billion. Return on tangible equity reached 18.1% with earnings per share up 28% at 31p.
Notable Dividend Increase
Announced an interim dividend of 9.5p, up 58%, reflecting a higher payout ratio.
Customer Growth and Expansion
Attracted over 100,000 new customers organically and 1 million new customers from the Sainsbury's transaction, along with substantial growth in customer lending and deposits.
Positive Strategic Progress
Made significant progress in strategic priorities, including disciplined growth, bank-wide simplification, and increased productivity. Announced a GBP 750 million share buyback.
Sustainable Finance Achievements
Overdelivered on GBP 100 billion target for climate and sustainable funding and financing, reaching GBP 110 billion. Announced a new target to deliver GBP 200 billion by 2030.
Digital and AI Advancements
Digitized over 30 customer journeys and announced a strategic collaboration with AWS and Accenture to modernize data capabilities, including AI-driven customer data platforms.
Negative Updates
Impairment Charge
Reported a net impairment charge of GBP 193 million for the second quarter, including an GBP 81 million onetime charge on acquisition of balances from Sainsbury's Bank.
Potential Rate Cuts Impact
Anticipated two further rate cuts this year, which may affect income and interest margins in the future.
Company Guidance
In the first half of 2025, NatWest Group reported strong financial performance, with customer lending increasing by 3.2% to GBP 384 billion and deposits up 1% to GBP 436 billion. Assets under management grew by 5.9% to GBP 52 billion. The bank's income rose by 13.7% to GBP 8 billion, while costs were reduced by 1.4% to GBP 3.9 billion, resulting in an operating profit of GBP 3.6 billion and an attributable profit of GBP 2.5 billion. The return on tangible equity was 18.1%, and earnings per share increased by 28% to 31p. NatWest announced an interim dividend of 9.5p, up 58%, and a GBP 750 million share buyback, bringing total shareholder distributions to around GBP 1.5 billion. The CET1 ratio remained stable at 13.6%, demonstrating strong capital and liquidity levels. The bank has upgraded its 2025 guidance, now expecting income to exceed GBP 16 billion and a return on tangible equity above 16.5%.

NatWest Group Financial Statement Overview

Summary
NatWest Group shows a stable financial position with a strong equity base and effective debt management. Improved profitability is noted, but cash flow volatility presents 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 Revenue21.97B14.34B14.78B16.15B12.04B13.08B
Gross Profit15.20B14.34B14.17B13.35B10.34B10.80B
EBITDA7.73B7.25B7.12B6.00B4.77B361.00M
Net Income5.01B4.80B4.39B3.59B3.27B-434.00M
Balance Sheet
Total Assets710.03B707.99B692.67B720.05B781.99B799.49B
Cash, Cash Equivalents and Short-Term Investments182.60B182.46B104.52B145.06B177.76B124.49B
Total Debt7.00B65.92B127.26B6.26B8.43B9.96B
Total Liabilities668.42B668.61B655.49B683.56B8.43B9.96B
Stockholders Equity41.59B39.35B33.27B36.49B41.80B43.86B
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-15.67B-10.65B-2.60B90.00M

NatWest Group Technical Analysis

Technical Analysis Sentiment
Positive
Last Price544.40
Price Trends
50DMA
509.16
Positive
100DMA
494.46
Positive
200DMA
449.54
Positive
Market Momentum
MACD
14.27
Negative
RSI
57.83
Neutral
STOCH
59.70
Neutral
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 544.4 is above the 20-day moving average (MA) of 535.55, above the 50-day MA of 509.16, and above the 200-day MA of 449.54, indicating a bullish trend. The MACD of 14.27 indicates Negative momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 59.70 is Neutral, 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
74
Outperform
£45.05B9.3314.07%4.59%7.03%25.89%
68
Neutral
$17.84B12.0310.32%3.73%9.70%0.76%
$43.27B9.9710.16%2.15%
82
Outperform
£166.73B12.4910.81%5.29%-6.07%-16.24%
81
Outperform
£52.51B8.9510.02%1.91%13.03%60.72%
73
Outperform
£49.46B12.5910.21%4.03%-1.72%-8.62%
61
Neutral
£292.18M-16.30%9.29%-3.77%-147.20%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:NWG
NatWest Group
544.40
224.04
69.93%
SCBFF
Standard Chartered
18.73
8.86
89.77%
GB:BARC
Barclays
371.40
153.29
70.28%
GB:HSBA
HSBC Holdings
954.20
331.64
53.27%
GB:LLOY
Lloyds Banking
82.62
27.22
49.13%
GB:VANQ
Vanquis Banking Group
114.80
56.30
96.24%

NatWest Group Corporate Events

Stock Buyback
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Aug 15, 2025

NatWest Group plc has announced the repurchase of over 2.2 million of its ordinary shares as part of its ongoing share buyback program, with plans to cancel these shares. This move is expected to impact the company’s share 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 £5.35 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
NatWest Group Enhances Shareholder Value with Share Buyback
Positive
Aug 14, 2025

NatWest Group plc has announced the purchase of 1,925,520 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at an average price of 552.55 GBp per share, and the company plans to cancel these shares. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders, reflecting confidence in its financial position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
NatWest Group COO Sells Shares in Regulatory Compliance Move
Neutral
Aug 14, 2025

NatWest Group plc announced a transaction involving the sale of ordinary shares by Jen Tippin, the Group Chief Operating Officer. Tippin sold 14,300 shares at a price of £5.4080 each on the London Stock Exchange. This transaction is part of the company’s regulatory compliance under the Market Abuse Regulation, reflecting transparency in managerial dealings.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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
Aug 13, 2025

NatWest Group plc announced the purchase of 1,849,240 of its own ordinary shares as part of its ongoing share buyback program. The shares, acquired from Merrill Lynch International, will be canceled, which is expected to reduce the total number of shares in circulation and potentially enhance shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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
Aug 12, 2025

NatWest Group plc has announced the purchase of 1,928,995 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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 H1 2025 Pillar 3 Documents
Neutral
Aug 12, 2025

NatWest Group plc has released its H1 2025 Pillar 3 documents for several of its large subsidiaries, including NatWest Holdings Limited, NatWest Markets Plc, National Westminster Bank Plc, The Royal Bank of Scotland plc, and Coutts & Company. This publication provides transparency into the company’s risk management and capital adequacy, which is crucial for stakeholders to assess the financial health and regulatory compliance of the group.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
NatWest Group Advances Share Buyback Strategy
Positive
Aug 11, 2025

NatWest Group plc announced the purchase of 1,771,889 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 potentially enhance shareholder value, reflecting a proactive approach in its financial management.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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 with Recent Share Purchase
Positive
Aug 6, 2025

NatWest Group plc has announced the purchase of 990,329 of its own ordinary shares as part of its ongoing share buyback program. The repurchased shares, acquired at an average price of 524.15 GBp per share, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
NatWest Executes Share Buyback to Strengthen Market Position
Positive
Aug 5, 2025

NatWest Group plc announced the repurchase of 993,264 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 the company’s capital structure and potentially enhance shareholder value, reflecting a proactive approach in maintaining financial stability and market confidence.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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
Aug 4, 2025

NatWest Group plc has announced the purchase of over one million 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, potentially enhancing shareholder value by increasing earnings per share and optimizing capital structure.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 Advances Share Buyback Initiative
Positive
Aug 1, 2025

NatWest Group plc announced the purchase of 1,351,459 ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, aims to cancel the repurchased shares, thus potentially enhancing shareholder value by reducing the number of shares in circulation.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 Capital Structure with Share Buyback
Positive
Jul 31, 2025

NatWest Group plc announced the repurchase of over one million of its ordinary shares as part of its ongoing share buyback program. This move is aimed at consolidating its capital structure by canceling the repurchased shares, which could potentially enhance shareholder value and improve market perception of the company’s financial health.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 Total Voting Rights and Capital
Neutral
Jul 31, 2025

NatWest Group plc has announced details regarding its total voting rights and capital as of July 31, 2025, in compliance with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,391,866,256 voting rights, which shareholders can use to assess their interest in the company under regulatory guidelines. 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 Buy with a £4.00 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 Advances Share Buyback Strategy
Neutral
Jul 30, 2025

NatWest Group plc has announced the purchase of 1,040,119 of its own ordinary shares as part of an ongoing share buyback program. The repurchased shares, acquired through Merrill Lynch International, will be canceled, which is expected to impact the company’s share capital structure by reducing the number of shares in circulation.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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
Jul 29, 2025

NatWest Group plc has announced the purchase of 1,055,832 of its own ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be cancelled, reducing the total number of shares in circulation, which may positively impact shareholder value.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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
Jul 28, 2025

NatWest Group plc has announced the repurchase of 959,352 ordinary shares as part of its ongoing share buyback program. The shares were purchased from Merrill Lynch International and will be canceled, which is expected to impact the company’s share 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 £4.00 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 Initiates £750 Million Share Buyback Program
Positive
Jul 28, 2025

NatWest Group plc has announced the commencement of a share buyback program, aiming to repurchase up to £750 million worth of ordinary shares to reduce its issued share capital. The program, which will run from July 28, 2025, to no later than March 13, 2026, is conducted under the authority granted by shareholders and will be executed by Merrill Lynch International. This strategic move is expected to enhance shareholder value by decreasing the number of shares in circulation, potentially improving earnings per share and signaling confidence in the company’s financial health.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
NatWest Group Publishes Supplementary Prospectus for Euro Medium Term Note Programme
Positive
Jul 25, 2025

NatWest Group plc has announced the publication of a third supplementary prospectus for its £40 billion Euro Medium Term Note Programme, which has been approved by the Financial Conduct Authority. This development is significant as it reflects NatWest’s ongoing efforts to maintain transparency and compliance in its financial operations, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

M&A TransactionsStock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
NatWest Group Reports Strong H1 2025 Performance with Strategic Growth Initiatives
Positive
Jul 25, 2025

NatWest Group has reported a strong performance for the first half of 2025, with an attributable profit of £2.5 billion and a 28% increase in earnings per share. The bank has upgraded its income and returns guidance for the year, announced a 9.5p interim dividend, and a £750 million share buyback. The acquisition of Sainsbury’s Bank has contributed to customer growth and balance sheet expansion. The company is also focusing on simplifying operations and enhancing technology and AI capabilities to improve customer service. Having returned to full private ownership, NatWest is well-positioned to support UK economic growth and create sustainable value for stakeholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Financial Disclosures
NatWest Group Reports Strong Financial Growth in H1 2025
Positive
Jul 25, 2025

NatWest Group reported a significant increase in its financial performance for the first half of 2025, with a profit of £2,675 million, up from £2,239 million in the same period of 2024. This growth was driven by an increase in net interest income and trading income, despite a rise in impairment losses. The company’s total comprehensive income also saw a substantial rise, indicating strong operational performance and effective cost management. These results position NatWest favorably within the financial sector, potentially enhancing shareholder value and market confidence.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
NatWest Group Exits Stake in Permanent TSB, Raises €126 Million
Neutral
Jul 15, 2025

NatWest Group has successfully completed the sale of its entire shareholding in Permanent TSB Group Holdings PLC, amounting to approximately 11.7% of PTSB’s issued ordinary capital, through an accelerated book building process. The transaction, which raised approximately €126 million, will have an immaterial impact on NatWest’s capital metrics, and the Irish Minister for Finance has agreed not to sell any shares in PTSB for 90 days following the completion of the sale.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
NatWest to Divest Entire Stake in Permanent TSB
Neutral
Jul 14, 2025

NatWest Group plc has announced its intention to sell its entire shareholding in Permanent TSB Group Holdings PLC through a placing to institutional investors. This move, involving approximately 11.7% of PTSB’s ordinary shares, signifies NatWest’s strategic decision to exit its interest in PTSB completely, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 Group Executives Purchase Shares to Align Interests
Positive
Jul 2, 2025

NatWest Group plc announced that several persons discharging managerial responsibility (PDMRs) purchased ordinary shares in the company on July 1, 2025, as part of the company’s shareholding policy for its Chairman and Non-executive Directors. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing commitment to align the interests of its leadership with those of its shareholders, potentially strengthening stakeholder confidence and reinforcing the company’s market position.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
NatWest Group Announces Redemption of $1.15 Billion Capital Notes
Neutral
Jul 2, 2025

NatWest Group plc has announced the redemption of its $1,150,000,000 8.000% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes on 10 August 2025. This redemption will result in a loss to CET1 of approximately 5 basis points due to changes in foreign exchange rates since the issuance of the Notes, impacting the company’s capital structure.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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
Jun 30, 2025

NatWest Group plc has announced its total voting rights and capital as of June 30, 2025, in accordance with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,399,337,952 voting rights, which shareholders can use to assess their interest in the company. This announcement provides transparency and ensures compliance with regulatory requirements, impacting stakeholders by clarifying their voting power and obligations.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Financial Disclosures
NatWest Group Receives Credit Rating Upgrade from Fitch
Positive
Jun 27, 2025

NatWest Group plc has received an upgrade in its credit ratings from Fitch Ratings, which has raised the company’s Viability Rating to ‘a+’ and its long-term Issuer Default Rating to ‘A+’ from ‘A’. The ratings for several of its subsidiaries, including NatWest Bank plc and The Royal Bank of Scotland plc, have also been upgraded, reflecting improved financial stability and performance. The outlook for all rated entities is now stable, indicating a positive impact on NatWest’s market positioning and investor confidence.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Executive/Board Changes
NatWest Group’s CIO Sells Shares on London Stock Exchange
Neutral
Jun 13, 2025

NatWest Group plc announced a transaction involving the sale of 55,014 ordinary shares by Scott Marcar, the Group Chief Information Officer, on the London Stock Exchange. This transaction, conducted at a price of £5.0676 per share, reflects internal managerial changes and may influence perceptions of the company’s stock value among investors and stakeholders.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 CEO to Participate in Goldman Sachs Conference
Neutral
Jun 12, 2025

NatWest Group’s CEO, Paul Thwaite, will engage in a fireside chat at the Goldman Sachs European Financials Conference, highlighting the company’s active participation in significant financial industry events. This engagement underscores NatWest’s strategic efforts to maintain visibility and influence within the financial sector, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
NatWest Group Announces Vesting of Executive Share Awards and Share Sale
Neutral
Jun 10, 2025

NatWest Group plc announced the vesting of deferred awards over ordinary shares to several key executives under the 2024 Employee Share Plan. The shares vested on June 9, 2025, with a portion withheld to cover tax liabilities, and the remaining shares retained by the executives will be subject to a twelve-month retention period. Additionally, Robert Begbie, CEO of NatWest Commercial & Institutional, sold 100,000 shares on June 10, 2025, at a price of £5.2106 per share on the London Stock Exchange. These transactions reflect the company’s ongoing commitment to aligning executive incentives with shareholder interests.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Delistings and Listing ChangesBusiness Operations and Strategy
NatWest Group Announces Disposal of Shares by His Majesty’s Treasury
Neutral
May 30, 2025

NatWest Group has announced that His Majesty’s Treasury no longer holds any voting rights in the company after disposing of 72,808,328 ordinary shares. This disposal is part of a trading plan initially announced in July 2021 and extended in April 2023. The move signifies a significant change in the ownership structure of NatWest, potentially impacting its market positioning and stakeholder dynamics.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 on Total Voting Rights and Capital
Neutral
May 30, 2025

NatWest Group plc has announced details regarding its total voting rights and capital as of May 30, 2025, in compliance with the Disclosure Guidance and Transparency Rules. The announcement provides shareholders with the necessary figures to determine their interest or changes in interest in the company, highlighting a total of 32,371,333,100 voting rights across various share classes.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
NatWest Group Prices $1.55 Billion in Senior Callable Notes
Positive
May 21, 2025

NatWest Group plc has successfully priced USD 1.55 billion in Senior Callable Notes, comprising USD 1.25 billion in Fixed Rate Notes due 2031 and USD 300 million in Floating Rate Notes due 2029. The proceeds will be used to fund the company’s general banking operations, with the offering set to close on May 23, 2025, pending customary conditions. This strategic move is expected to bolster NatWest’s operational capacity and enhance its financial stability, potentially impacting its market positioning positively.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 CIO Sells Shares in Compliance with Market Regulations
Neutral
May 20, 2025

NatWest Group plc announced a transaction involving Scott Marcar, the Group Chief Information Officer, who sold 8,011 ordinary shares at a price of £5.0500 per share on the London Stock Exchange. This transaction is part of the company’s regular disclosure practices under the Market Abuse Regulation, ensuring transparency and compliance with regulatory requirements.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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: Aug 19, 2025