NWG trades 1.6% below Wall Street's consensus target of $18.20.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NWG achieves its forward estimates and maintains a stable P/E multiple of 8.9x. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, NatWest Group plc (NWG) has a Wall Street consensus price target of $18.20, based on estimates from 6 covering analysts. With the stock currently trading at $17.91, this represents a potential upside of +1.6%. The company has a market capitalization of $35.61B.
Analyst price targets range from a low of $18.20 to a high of $18.20, representing a 0% spread in expectations. The median target of $18.20 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 3 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, NWG trades at a trailing P/E of 5.0x and forward P/E of 8.9x. Analysts expect EPS to grow -36.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $20.73, with bear and bull scenarios of $13.06 and $27.31 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 HSBCHSBC Holdings plc | $344.5B | $100.25 | $52.00 | -48.1% | Hold | 11.8x | 21 |
 BCSBarclays PLC | $81.9B | $24.29 | $58.00 | +138.8% | Buy | 8.6x | 25 |
 LYGLloyds Banking Group plc | $81.9B | $5.64 | $2.75 | -51.2% | Buy | 13.7x | 24 |
 DBDeutsche Bank AG | $67.4B | $35.87 | $43.00 | +19.9% | Hold | 10.6x | 33 |
 INGING Groep N.V. | $103.8B | $35.92 | $22.50 | -37.4% | Buy | 14.3x | 17 |
 UBSUBS Group AG | $156.5B | $47.74 | $23.57 | -50.6% | Buy | 13.1x | 29 |
 JPMJPMorgan Chase & Co. | $904.4B | $337.53 | $373.64 | +10.7% | Buy | 13.6x | 61 |
 BACBank of America Corporation | $397.4B | $56.00 | $66.00 | +17.9% | Buy | 12.1x | 54 |
 WFCWells Fargo & Company | $250.8B | $81.95 | $98.83 | +20.6% | Hold | 11.2x | 60 |
 CCitigroup Inc. | $226.3B | $131.96 | $150.18 | +13.8% | Buy | 11.8x | 27 |
Quick answers to the most common questions about buying NWG stock.
The consensus price target for NWG is $18.2, close to the current price of $17.91 (1.6% implied move). Based on 6 analyst estimates, the stock appears fairly valued near current levels.
NWG has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $18.2 implies 1.6% upside from current levels.
With a forward P/E of 8.8954x, NWG trades at a relatively low valuation. The consensus target of $18.2 implies 1.6% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $18.2 for NWG, while the most conservative target is $18.2. The consensus of $18.2 represents the median expectation. Our quantitative valuation model projects a bull case target of $27 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NWG is moderately covered, with 6 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 2 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NWG stock forecast based on 6 Wall Street analysts shows a consensus price target of $18.2, with estimates ranging from $18.2 (bear case) to $18.2 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $21, with bear/bull scenarios of $13/$27.
Our quantitative valuation model calculates NWG's fair value at $21 (base case), with a bear case of $13 and bull case of $27. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
NWG trades at a forward P/E ratio of 8.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 5.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
NWG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $18.2 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NWG analyst price targets range from $18.2 to $18.2, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $18.2 consensus represents the middle ground. Our model's $13-$27 range provides an independent fundamental perspective.
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