NWG NatWest Group plc

neutral SHIFT track record → $16.90 +0.25 (+1.5%)
Get emailed when NWG changes direction
Mkt Cap $67B P/E 9.3 fwd 8.3 52wk $11.76 - $19.36 Earnings 2026-05-01 45d ago
Factor divergence: DIVERGENCE: analyst_revisions bullish vs estimate_revisions bearish
Est. revisions: -9.7% (1 up, 0 down in 30d)
Factor Model (net +0.1)

Factor Model

net +0.1 1.2 / 10
Est. Revisions
-0.6
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+1.0
Narrative Gap
+0.0

BNP Paribas upgrades to Neutral after strong results

Watch: Monitor whether the new insurance products drive fee income diversification and if customer additions continue at the current pace. Any shifts in UK banking regulation or rate policy could swing profitability quickly.

BNP Paribas upgraded NatWest from Underperform to Neutral on February 27, setting a price target of 670 GBp. The move follows solid 2025 annual results reported February 13: profit before tax hit £7.7 billion and return on tangible equity reached 19.2%. The bank added roughly 1 million customers during the year and launched a new digital protection insurance suite on February 25, including expanded critical illness coverage for 52 conditions.

The upgrade reflects improving fundamentals — a 19.2% RoTE shows capital efficiency, while the customer growth and digital product push signal the bank is gaining traction beyond traditional lending. BNP's neutral call suggests valuation has caught up to performance, not that momentum is stalling.

Evidence

46d ago BNP Paribas Upgrades NatWest Group plc (NWG) to Neutral From Underperform yahoo-finance
Fundamentals & Data ▾
NatWest Group plc Financial Services · Banks - Regional
Mkt Cap
$67B
P/E
9.3 fwd 8.3
Beta
0.83
Div Yield
529.00%
52w Range
$11.76 - $19.36
Short Interest
1.3M 0.03%
Days to Cover
0.3 -35%
Technicals downtrend
from 52w Hi
-0.8%
1w return
+2.1%
Insiders
mixed 0B / 0S
EPS Estimate
$0.45 -9.7% 30d 1up / 0dn
Est. Dispersion
0% 1 analysts
Analyst Target
$19 $18 - $21
Options P/C
0.28
Fund Convergence
strong Citadel, Bridgewater, Two Sigma
Financials
Revenue
$4.3B +14% YoY
Momentum: decelerating
Top Holders
Citadel $15M
Bridgewater $9M
Two Sigma $2M
Recent Filings & Data
insider trade 2
net selling
2 insiders · 2 transactions (30d)
Recent transactions
Massachusetts Financial Services Company · other
BlackRock Investment Management (UK) Ltd. · other
1 signals · latest 46d ago

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