NWG trades 16.7% 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 7.9x. 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 November 8, 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 $15.60, this represents a potential upside of +16.7%. The company has a market capitalization of $31.02B.
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 4 analysts rating the stock as a Buy or Strong Buy,1 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 4.3x and forward P/E of 7.9x. Analysts expect EPS to grow -37.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $22.62, with bear and bull scenarios of $14.25 and $29.81 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 HSBCHSBC Holdings plc | $299.2B | $87.06 | $52.00 | -40.3% | Hold | 10.2x | 21 |
 BCSBarclays PLC | $75.3B | $22.33 | $20.00 | -10.4% | Buy | 8.1x | 25 |
 LYGLloyds Banking Group plc | $73.9B | $5.09 | $2.75 | -46.0% | Buy | 12.5x | 24 |
 DBDeutsche Bank AG | $65.5B | $34.84 | $43.00 | +23.4% | Hold | 10.5x | 33 |
 INGING Groep N.V. | $90.8B | $31.82 | $22.50 | -29.3% | Buy | 12.7x | 17 |
 UBSUBS Group AG | $156.6B | $47.78 | $23.57 | -50.7% | Buy | 13.0x | 29 |
 JPMJPMorgan Chase & Co. | $896.3B | $334.49 | $373.36 | +11.6% | Buy | 13.5x | 61 |
 BACBank of America Corporation | $350.7B | $49.42 | $66.00 | +33.5% | Buy | 11.3x | 54 |
 WFCWells Fargo & Company | $256.9B | $83.94 | $94.86 | +13.0% | Buy | 11.4x | 60 |
 CCitigroup Inc. | $204.2B | $119.08 | $151.50 | +27.2% | Buy | 10.4x | 27 |
Quick answers to the most common questions about buying NWG stock.
NatWest Group plc (NWG) has a consensus 12-month price target of $18.2, implying 16.7% upside from $15.6. The 6 analysts covering NWG see moderate appreciation potential.
NWG has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is predominantly bullish, with 4 Buy/Strong Buy ratings. The consensus 12-month price target of $18.2 implies 16.7% upside from current levels.
With a forward P/E of 7.8692x, NWG trades at a relatively low valuation. The consensus target of $18.2 implies 16.7% appreciation, suggesting meaningful undervaluation.
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 $30 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, 3 have Buy ratings, 1 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 $23, with bear/bull scenarios of $14/$30.
Our quantitative valuation model calculates NWG's fair value at $23 (base case), with a bear case of $14 and bull case of $30. 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 53/100.
NWG trades at a forward P/E ratio of 7.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.3x. 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.
Wall Street analysts are optimistic on NWG, with a "Buy" consensus rating and $18.2 price target (16.7% upside). 4 of 6 analysts rate it Buy or Strong Buy. 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 $14-$30 range provides an independent fundamental perspective.
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