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NatWest Group plc (NWG) Price Target Analysis

Wall Street analyst price targets, ratings consensus & upside potential

Current Price
$16.60
Market reference
Price Target
—
— Upside
Target Range
— — —
Analyst Rating
Buy
6 analysts
Forward P/E11.6x
Trailing P/E11.6x
Forward PEG0.85
Implied Growth+11.8%
Median Target—
Analyst Spread—

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$16.60
Consensus—
High—
Low—
Model$28.74
Bear Case
$—
—
Consensus
$—
—
Bull Case
$—
—
Valuation Model TargetsConfidence: 30/100
Bear$-8
Base$29
Bull$37

Analyst Ratings Distribution

Breakdown of 6 published analyst recommendations for NWG

33% hold / mixed conviction
+25
BearishBullish
Weighted analyst sentiment score based on 6 ratings
ConsensusBuy
Coverage6 Analysts
Net Score+25
Bull / Bear50% / 17%
Strong Buy117%
Buy233%
Hold233%
Sell117%
Strong Sell00%
Strong Buy
117%
Buy
233%
Hold
233%
Sell
117%
Strong Sell
00%
Recommendation Mix50% Buy · 33% Hold · 17% Sell
Buy (3)Hold (2)Sell (1)

NWG Price Target Analysis

Updated February 28, 2026

As of February 28, 2026, NatWest Group plc (NWG) has a Wall Street consensus price target of N/A, based on estimates from 6 covering analysts. The company has a market capitalization of $66.16B.

Analyst price targets range from a low of N/A to a high of N/A.

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 11.6x and forward P/E of 11.6x. The forward PEG ratio of 0.85 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +11.8% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $28.74, with bear and bull scenarios of $-7.80 and $37.04 respectively. Model confidence stands at 30/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Financial Services stocks.

Analyst Sentiment Comparison

Industry Peer Analysis
Avg Peer Upside-30.6%
Avg Forward P/E10.6x
Peers with Coverage4 / 6
CompanyMarket CapPriceTargetUpsideRatingFwd P/EAnalysts
NWGNatWest Group plc
$66.2B$16.60——Buy11.6x6
HSBCHSBC Holdings plc$319.8B$93.16$52.00-44.2%Hold11.6x19
SANBanco Santander, S.A.$181.4B$12.36$3.00-75.7%Buy8.7x23
BBVABanco Bilbao Vizcaya Argentaria, S.A.$130.9B$23.13——Buy9.8x13
BCSBarclays PLC$83.7B$24.28$29.00+19.4%Buy11.3x24
INGING Groep N.V.$83.3B$28.77$22.50-21.8%Buy10.4x17

Upside Potential Comparison

BCS
+19.4%
ING
-21.8%
HSBC
-44.2%
SAN
-75.7%

See NWG's True Return

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Is NWG Undervalued?

See our Bear / Base / Bull DCF models and intrinsic value estimates.

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Compare NWG vs JPM

See how NWG stacks up against sector leader JPMorgan Chase & Co..

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Frequently Asked Questions

What is the NWG stock price target for 2026?

The consensus price target for NWG is $N/A, close to the current price of $16.6 (N/A% implied move). Based on 6 analyst estimates, the stock appears fairly valued near current levels.

Is NWG a buy, sell, or hold?

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 $N/A implies N/A% upside from current levels.

Is NWG stock overvalued or undervalued?

With a forward P/E of 11.61x, NWG trades at a relatively low valuation. The consensus target of $N/A implies N/A% appreciation, suggesting the market may be pricing in risks.

How high can NWG stock go?

The most bullish Wall Street analyst has a price target of $N/A for NWG, while the most conservative target is $N/A. The consensus of $N/A represents the median expectation. Our quantitative valuation model projects a bull case target of $37 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover NWG stock?

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.

What is the NWG stock forecast?

The 12-month NWG stock forecast based on 6 Wall Street analysts shows a consensus price target of $N/A, with estimates ranging from $N/A (bear case) to $N/A (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $29, with bear/bull scenarios of $-8/$37.

What is NWG's fair value based on fundamentals?

Our quantitative valuation model calculates NWG's fair value at $29 (base case), with a bear case of $-8 and bull case of $37. 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 30/100.

What is NWG's forward P/E ratio?

NWG trades at a forward P/E ratio of 11.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy NWG stock?

NWG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $N/A 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.

Why do NWG price targets vary so much?

NWG analyst price targets range from $N/A to $N/A, a NaN% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $N/A consensus represents the middle ground. Our model's $-8-$37 range provides an independent fundamental perspective.

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