| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.80B | 29.84B | 14.34B | 14.17B | 12.98B | 11.75B |
| Gross Profit | 15.30B | 16.30B | 14.34B | 14.78B | 13.35B | 10.34B |
| EBITDA | 7.86B | 8.79B | 7.25B | 6.56B | 5.55B | 4.77B |
| Net Income | 5.25B | 5.83B | 4.80B | 4.64B | 3.59B | 3.27B |
Balance Sheet | ||||||
| Total Assets | 730.78B | 714.55B | 707.99B | 692.67B | 720.05B | 781.99B |
| Cash, Cash Equivalents and Short-Term Investments | 90.71B | 98.23B | 182.46B | 104.52B | 145.06B | 177.76B |
| Total Debt | 69.96B | 71.83B | 65.92B | 127.26B | 116.55B | 125.60B |
| Total Liabilities | 688.80B | 671.94B | 668.61B | 655.49B | 683.56B | 740.19B |
| Stockholders Equity | 41.96B | 42.60B | 39.35B | 37.16B | 36.49B | 41.80B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -17.35B | 694.00M | -14.92B | -44.24B | 52.79B |
| Operating Cash Flow | 0.00 | -16.68B | 1.77B | -13.37B | -43.60B | 53.69B |
| Investing Cash Flow | 0.00 | -15.91B | -12.70B | -14.69B | 19.06B | 3.06B |
| Financing Cash Flow | 0.00 | 22.41B | -1.89B | -23.52B | -10.65B | -2.60B |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £205.38B | 12.10 | 8.88% | 4.27% | -11.86% | -24.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £56.10B | 10.47 | 8.08% | 3.41% | -22.85% | -21.12% | |
64 Neutral | £45.62B | 9.00 | 14.96% | 3.85% | 4.27% | 26.21% | |
61 Neutral | £53.63B | 9.37 | 9.41% | 1.50% | 14.18% | 46.12% | |
58 Neutral | £35.62B | 11.02 | 9.85% | 1.70% | -4.35% | 21.86% | |
53 Neutral | £281.54M | 34.92 | -16.30% | ― | -3.77% | -147.20% |
NatWest Group has continued its on-market share buyback programme, repurchasing a total of 752,846 ordinary shares on 19 February 2026 across the London Stock Exchange and other trading venues at volume-weighted average prices slightly above 616p per share. The bank intends to cancel the repurchased shares, which will reduce its share count to about 7.98 billion shares in issue excluding treasury holdings, marginally enhancing earnings per share and signalling ongoing capital return to shareholders within its existing buyback framework.
The most recent analyst rating on (GB:NWG) stock is a Buy 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.
NatWest Group has repurchased 541,067 ordinary shares on 18 February 2026 across the London Stock Exchange, CHIX and BATE trading venues as part of its ongoing share buyback programme with UBS acting as counterparty. The repurchased shares, bought at volume-weighted average prices around 628p, are intended to be cancelled, leaving 218,076,298 shares held in treasury and 7,980,014,062 shares in issue, effectively tightening the company’s free float and potentially enhancing earnings per share for investors.
The transaction continues NatWest’s capital return strategy, signalling management’s confidence in the bank’s balance sheet strength and future prospects. By reducing the number of shares in circulation while maintaining robust treasury holdings, the move may support the share price and underscores the group’s ongoing efforts to optimise its capital structure within the regulated U.K. banking environment.
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.
NatWest Group plc has filed its Annual Report on Form 20-F for the year with the U.S. Securities and Exchange Commission, reinforcing its compliance with U.S. reporting requirements as a foreign issuer. The report is now accessible on both the SEC and NatWest websites, with the bank also offering hard copies of its audited financial statements free of charge to security holders, underscoring its commitment to transparency and investor communication.
The filing ensures U.S. investors have full access to NatWest’s audited financial information, which supports informed investment decisions and maintains alignment with cross-border regulatory standards. This step underpins NatWest’s ongoing engagement with international capital markets and highlights the governance role of its Chief Governance Officer and Company Secretary in overseeing disclosure obligations.
The most recent analyst rating on (GB:NWG) stock is a Hold 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.
NatWest Group has repurchased 634,502 of its ordinary shares, with a nominal value of £1.0769 each, from UBS across multiple trading venues including the London Stock Exchange, CHIX and BATE, at volume-weighted average prices around 609p per share. The transactions were executed under the bank’s existing share buyback programme, and the repurchased shares will be cancelled, leaving 7.98 billion ordinary shares in issue and 218.1 million held in treasury, a move that supports capital return to shareholders and marginally enhances earnings per share.
By continuing to execute on its buyback mandate, NatWest further signals confidence in its capital position and future prospects while optimizing its balance sheet structure. The cancellation of these shares, rather than holding them for re-issuance, underscores a long-term commitment to reducing share count, which may strengthen shareholder value and consolidate the bank’s position within the competitive U.K. banking sector.
The most recent analyst rating on (GB:NWG) stock is a Hold 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.
NatWest Group has continued its capital management strategy by repurchasing 634,623 ordinary shares on 16 February 2026 across the London Stock Exchange and alternative trading venues. The purchases, executed via UBS at volume-weighted average prices around 605–606 pence, form part of the bank’s existing share buyback programme and are intended to be cancelled to reduce the overall share count.
Following settlement of these transactions, NatWest will hold 218,170,622 ordinary shares in treasury and have 7,981,095,307 shares in issue excluding treasury stock. The move marginally enhances earnings per share and underscores ongoing efforts to return surplus capital to shareholders, signalling confidence in the bank’s balance sheet strength and capital position.
The most recent analyst rating on (GB:NWG) stock is a Hold 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.
NatWest Group has published a supplementary prospectus to its £40 billion Euro Medium Term Note Programme, originally established in December 2025 and now updated via a document dated 13 February 2026. The supplementary prospectus has been approved by the Financial Conduct Authority and lodged with the National Storage Mechanism, reinforcing the bank’s ongoing access to wholesale funding markets through its large-scale EMTN issuance platform.
This regulatory approval ensures investors can review the latest information governing NatWest’s sizeable note-issuance framework, which underpins a significant part of its capital markets funding strategy. The move signals continued active management of disclosure and documentation requirements, supporting transparency and potentially facilitating future debt issuances under the programme for institutional and other fixed-income investors.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £715.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has launched a new share buyback programme of up to £750 million, beginning on 16 February 2026 and running to no later than mid-January 2027, with a possible short extension to February. The initiative, conducted via non-discretionary instructions to UBS, is aimed at reducing the bank’s issued share capital and is capped at a maximum repurchase of 650 million ordinary shares.
The repurchased shares will be cancelled, underscoring NatWest’s continued focus on returning excess capital to investors within the limits approved by shareholders at its 2025 AGM. The move reinforces the group’s capital management strategy and may support earnings per share and equity valuation, while signalling confidence in its balance sheet and future performance without altering existing restrictions on U.S. market participation.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £715.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has executed further purchases of its own ordinary shares on the London Stock Exchange as part of its existing share buyback programme with Merrill Lynch International. The latest transaction involved 889,690 shares bought at a volume‑weighted average price of 588.56 pence, with the company intending to cancel the repurchased stock.
Following these trades, NatWest will hold 218,209,569 shares in treasury and have 7,981,690,983 shares in issue, excluding treasury holdings. The bank also confirmed completion of the buyback that began in July 2025, under which it has repurchased and cancelled 131,244,323 shares for a total consideration of £750 million, signalling ongoing capital returns to shareholders and a reduced free float.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £770.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group, one of the UK’s largest retail and commercial banks, operates across Retail Banking, Private Banking & Wealth Management, and Commercial & Institutional segments, with offerings ranging from mortgages and savings to investment and corporate banking services. The group has been investing heavily in simplification, digitisation and AI partnerships to sharpen its customer focus and improve productivity while maintaining strong capital and liquidity positions.
NatWest reported a strong 2025, with income excluding notable items rising to £16.4 billion, return on tangible equity hitting 19.2% and attributable profit reaching £5.5 billion, supported by higher deposit margins, loan growth and FX trading income. The bank added around one million customers, expanded net loans by £20.7 billion, grew customer deposits by £10.4 billion and lifted assets under management and administration by nearly 20%, while cost control and AI‑driven efficiencies improved its cost:income ratio and supported higher dividends.
The group’s active balance sheet and risk management delivered significant risk‑weighted asset benefits, boosted capital generation and lifted its CET1 ratio to 14.0%, underpinning a 51% increase in total dividends per share compared with 2024. Management highlighted the bank’s return to full private ownership and said the strong performance and strengthened balance sheet give it the confidence to raise strategic ambitions, deepen customer relationships and consolidate its position as a trusted partner across the UK economy.
Operationally, NatWest continued to grow across all three customer businesses, with strong mortgage lending, savings inflows and more than 50,000 new investment clients driving a 19.6% increase in AUMA. The bank emphasised the success of tailored propositions such as its Family‑Backed Mortgage and youth-focused Rooster Money platform, which it says are helping first-time buyers onto the housing ladder and building financial habits in younger customers, reinforcing long-term franchise strength.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has published its 2025 Annual Report and Accounts and its 2025 Pillar 3 regulatory disclosure, making both documents available via the UK’s National Storage Mechanism and the bank’s investor website, with printed copies to be sent to shareholders who have requested them. The release highlights a wide range of principal risks, including macroeconomic and geopolitical uncertainty, the impact of changing interest rates on margins and valuations, and currency fluctuations that could materially affect future results, capital, and the value of its securities, underlining the bank’s sensitivity to UK and global market conditions.
The group warns that inflation, shifting monetary and fiscal policies, supply chain disruption, sanctions, conflicts such as in Ukraine and the Middle East, and potential political change in Scotland could all undermine customer activity and asset values. It also notes that volatility in rates and foreign exchange, along with rapid customer responses to rate moves, may weaken net interest income and hedging effectiveness, reinforcing the importance of risk management as NatWest navigates a challenging operating environment for UK financial institutions.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has repurchased 880,853 of its ordinary shares on 12 February 2026 as part of its ongoing share buyback programme, with trades executed by Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 607.78 pence. The bank intends to cancel these shares, which will leave 7,982,557,962 ordinary shares in issue excluding 218,232,280 held in treasury, a move that marginally enhances earnings per share and signals continued capital return to shareholders.
The transaction underscores NatWest’s efforts to manage its capital base and optimise its balance sheet following prior authorisations for buybacks issued in July 2025. By steadily reducing its free-float through treasury holdings and cancellations, the group is reinforcing its shareholder distribution strategy while maintaining regulatory transparency under the U.K. Market Abuse Regulation.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has repurchased 857,224 of its ordinary shares on 11 February 2026 as part of its ongoing share buyback programme, with trades executed on the London Stock Exchange via Merrill Lynch International. The bank plans to cancel these shares, leaving 7,983,364,091 ordinary shares in issue excluding 218,307,004 held in treasury, a move that is expected to enhance capital efficiency and support shareholder value by reducing the overall share count.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £780.00 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 it will redeem in full its $1 billion 5.847% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 on 2 March 2026, exercising its call option under the existing indenture. The move retires all outstanding securities in this series, simplifying the bank’s debt profile and potentially lowering future funding costs, while signalling active balance sheet and capital structure management to bond investors and other stakeholders.
The most recent analyst rating on (GB:NWG) stock is a Hold 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.
NatWest Group has repurchased 914,095 ordinary shares on 10 February 2026 as part of its ongoing share buyback programme, paying a volume‑weighted average price of 611.77 pence per share. The transaction was executed on the London Stock Exchange through Merrill Lynch International, with the bank intending to cancel the repurchased stock rather than hold it for resale.
Following this latest buyback, NatWest will hold 218,330,682 shares in treasury and have 7,984,197,637 ordinary shares in issue, marginally reducing its free float and overall share count. The continued execution of the buyback programme underscores management’s capital-return strategy and may support earnings per share metrics and shareholder value over time.
The most recent analyst rating on (GB:NWG) stock is a Hold 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.
NatWest Group has continued its ongoing share buyback programme, repurchasing 841,455 ordinary shares of £1.0769 nominal value each from Merrill Lynch International on 9 February 2026. The shares were bought on the London Stock Exchange at prices between 593.80p and 655.40p, with a volume-weighted average price of 620.30p.
The bank intends to cancel the repurchased shares, which will reduce the number of shares in circulation and may enhance earnings per share and capital return metrics for investors. Following settlement, NatWest will hold 218,374,752 shares in treasury and have 7,985,067,662 ordinary shares in issue, underscoring its continued use of buybacks as a tool for capital management and shareholder returns.
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.
NatWest Group has agreed to acquire U.K. wealth manager Evelyn Partners for an enterprise value of £2.7 billion and launch a £750 million share buyback, in a move that will create what it calls the country’s leading private banking and wealth management business. The deal, funded from existing resources and expected to close in summer 2026 subject to regulatory approval, will combine Evelyn’s £69 billion of assets under management and administration with NatWest’s £59 billion, giving £127 billion in AUMA and £188 billion in total customer assets and liabilities.
Evelyn Partners, which has grown its AUMA at more than 7% annually and generated £179 million of EBITDA in 2025, brings an integrated platform spanning financial planning, discretionary investment management and a direct-to-consumer offering. NatWest expects the combination to boost fee income by about 20% before revenue synergies, deliver around £100 million in annual cost synergies at a cost of £150 million to achieve, and be accretive to growth and return on tangible equity in the first year, even after a roughly 130 basis point hit to its CET1 ratio.
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.
NatWest Group has repurchased 797,428 of its own ordinary shares on 6 February 2026 from Merrill Lynch International as part of its ongoing share buyback programme, at a volume-weighted average price of 659.29 pence per share on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 218,398,429 shares held in treasury and 7,985,846,685 ordinary shares in issue, a move that continues its capital return strategy and marginally enhances earnings per share for remaining shareholders while signalling management’s confidence in the group’s financial position.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £781.00 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 continued execution of its share buyback programme, repurchasing 805,465 ordinary shares on 5 February 2026 from Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 664.69 pence per share. The bank plans to cancel the repurchased shares, which will reduce the number of shares in circulation and can enhance earnings per share, leaving 7,986,644,113 ordinary shares in issue (excluding 218,437,184 held in treasury), underscoring ongoing capital return to shareholders and active balance sheet management.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £781.00 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 repurchased 765,496 of its own ordinary shares on 4 February 2026 as part of its ongoing share buyback programme, executed via Merrill Lynch International on the London Stock Exchange at a volume-weighted average price of 697.74 pence per share. The bank intends to cancel the repurchased shares, which will reduce the overall number of shares in circulation to 7,987,372,130 (excluding 218,514,632 shares held in treasury), a move that can enhance earnings per share and signal continued confidence in its capital position and long-term value for shareholders.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £770.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has repurchased 767,600 of its ordinary shares on 3 February 2026 as part of its ongoing share buyback programme, at a volume-weighted average price of 694.55 pence per share on the London Stock Exchange. The bank intends to cancel these shares, which will leave it with 218,623,531 shares held in treasury and 7,988,028,727 ordinary shares in issue, a move that supports capital management objectives and can enhance earnings per share for existing shareholders.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £770.00 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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.