NWG trades 8.5% 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 11.2x. 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 June 21, 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 $16.77, this represents a potential upside of +8.5%. The company has a market capitalization of $33.39B.
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 4.7x and forward P/E of 11.2x. Analysts expect EPS to grow -48.2% 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 | $326.4B | $94.97 | $52.00 | -45.2% | Hold | 11.3x | 19 |
BCSBarclays PLC | $90.3B | $26.31 | $46.00 | +74.8% | Buy | 12.3x | 24 |
LYGLloyds Banking Group plc | $81.0B | $5.54 | $2.75 | -50.4% | Buy | 13.2x | 24 |
DBDeutsche Bank AG | $67.5B | $35.27 | $14.87 | -57.8% | Hold | 10.6x | 33 |
INGING Groep N.V. | $90.2B | $31.36 | $22.50 | -28.3% | Buy | 12.8x | 17 |
UBSUBS Group AG | $157.7B | $50.80 | $23.57 | -53.6% | Buy | 14.8x | 29 |
JPMJPMorgan Chase & Co. | $908.6B | $325.22 | $339.75 | +4.5% | Buy | 14.6x | 61 |
BACBank of America Corporation | $424.1B | $56.20 | $61.13 | +8.8% | Buy | 12.6x | 54 |
WFCWells Fargo & Company | $264.5B | $82.21 | $99.38 | +20.9% | Hold | 11.7x | 60 |
CCitigroup Inc. | $266.5B | $143.09 | $140.75 | -1.6% | Buy | 13.2x | 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 $16.77 (8.5% 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 8.5% upside from current levels.
With a forward P/E of 11.2467x, NWG trades at a relatively low valuation. The consensus target of $18.2 implies 8.5% 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 11.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.7x. 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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