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NatWest Group
(LSE:NWG)
NatWest Group (NWG) vs. iShares MSCI United Kingdom ETF (EWC)
NatWest Group Business Overview & Revenue Model
NatWest Group Earnings Call Summary
NatWest Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.97B | 14.34B | 14.78B | 16.15B | 12.04B | 13.08B |
| Gross Profit | 15.20B | 14.34B | 14.17B | 13.35B | 10.34B | 10.80B |
| EBITDA | 7.73B | 7.25B | 7.12B | 6.00B | 4.77B | 361.00M |
| Net Income | 5.01B | 4.80B | 4.39B | 3.59B | 3.27B | -434.00M |
Balance Sheet | ||||||
| Total Assets | 710.03B | 707.99B | 692.67B | 720.05B | 781.99B | 799.49B |
| Cash, Cash Equivalents and Short-Term Investments | 182.60B | 182.46B | 104.52B | 145.06B | 177.76B | 124.49B |
| Total Debt | 7.00B | 65.92B | 127.26B | 6.26B | 8.43B | 9.96B |
| Total Liabilities | 668.42B | 668.61B | 655.49B | 683.56B | 8.43B | 9.96B |
| Stockholders Equity | 41.59B | 39.35B | 33.27B | 36.49B | 41.80B | 43.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 694.00M | -14.92B | -44.24B | 52.79B | 28.72B |
| Operating Cash Flow | 0.00 | 1.77B | -13.37B | -43.60B | 53.69B | 29.09B |
| Investing Cash Flow | 0.00 | -12.70B | -14.69B | 19.06B | 3.06B | 7.55B |
| Financing Cash Flow | 0.00 | -1.89B | -15.67B | -10.65B | -2.60B | 90.00M |
NatWest Group Technical Analysis
NatWest Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £42.25B | 8.68 | 14.07% | 4.11% | 7.03% | 25.89% | |
73 Outperform | 15.24B | 17.88 | 15.37% | 3.83% | 8.25% | 25.93% | |
| ― | $42.59B | 9.88 | 10.16% | 2.17% | ― | ― | |
80 Outperform | £160.90B | 11.94 | 10.81% | 5.52% | -6.07% | -16.24% | |
79 Outperform | £50.86B | 8.58 | 10.02% | 1.75% | 13.03% | 60.72% | |
76 Outperform | £48.21B | 12.09 | 10.21% | 4.40% | 0.92% | -11.64% | |
61 Neutral | £258.19M | ― | -23.29% | 9.29% | 1.10% | -1831.40% |
NatWest Group Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
NatWest Group plc announced the vesting and delivery of shares to its senior management under the 2024 Employee Share Plan. The plan involves the immediate vesting of shares, with specific shares withheld to meet tax liabilities and the remainder subject to retention periods. This move is part of NatWest’s strategy to align management incentives with company performance, potentially impacting stakeholder confidence and the company’s market positioning.
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.
NatWest Group has announced a reduction in the voting rights held by His Majesty’s Treasury to 0.90%, following the disposal of over 87 million ordinary shares. This move is part of a broader trading plan initiated by the Treasury, which could impact NatWest’s shareholder structure and market perception as government influence diminishes.
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.
NatWest Group plc has released its Q1 2025 Pillar 3 documents for its major subsidiaries, which are now accessible on the company’s website. This release provides stakeholders with essential insights into the company’s risk management and capital adequacy, potentially impacting investor confidence and market positioning.
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.
NatWest Group plc has published the final terms for its EUR1.25 billion Fixed to Floating Rate Reset Notes due in 2030 and 2036, under its £40 billion Euro Medium Term Note Programme. This issuance is part of NatWest’s strategic financial operations, potentially impacting its market positioning by enhancing its capital structure and offering investment opportunities to stakeholders.