Barclays raises target for NatWest stock from GBp 740.00 to GBp 850.00

Published on 10/23/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 results are due October 30, 2026, with consensus EPS at 19.20p. NatWest stock costs EUR 7.54 on October 23, 2026, 0.21 percent below Xetra close.

Upcoming results and bank valuation

Barclays raised its NatWest target to GBp 850.00 on October 13, 2026.
First-half 2026 attributable profit reached GBP 3.035 billion, while RoTE was 19.70 percent.
NatWest stock trades at EUR 7.54 at 10:32 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.21 percent below the Xetra close of October 22, 2026.

Fotorealistisches Bürogebäude einer Großbank in Edinburgh bei Sonnenuntergang — NatWest Group plc Hauptsitz als modernes Glasgebäude in Edinburgh bei goldenem Abendlicht, ISIN GB00BM8PJ831, Illustration mit AI erstellt.

NatWest (ISIN GB00BM8PJY71) was trading at EUR 7.54 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST, 0.21 percent below the Xetra close of October 22, 2026 at EUR 7.56. The latest analyst move came on October 13, 2026, when Markets Insider reported that Barclays raised its target from GBp 740.00 to GBp 850.00 and upgraded the stock to Overweight.

Barclays raises the valuation bar

The target increase represents 14.86 percent compared with the previous GBp 740.00 level. Barclays cited earnings upside from higher rates, continued growth and the potential contribution from NatWest's Evelyn wealth management acquisition, while deposit and funding costs remained a partial offset, according to Markets Insider.

That valuation case is set against a strong first-half operating picture. Openbook Analytics reported that attributable profit reached GBP 3.035 billion in the first half of 2026, up 22.00 percent, while return on tangible equity reached 19.70 percent. The bank also raised its full-year income guidance to GBP 17.9 billion, including the expected contribution from Evelyn.

What does the October 30 date mean?

NatWest's third-quarter results are scheduled for October 30, 2026. Its investor-relations calendar also gives a 7:00 a.m. BST release time, followed by a management presentation at 9:00 a.m. BST, creating the next concrete test for the earnings case. The pre-Q3 consensus compiled by NatWest Group Investor Relations covers 18 analysts and expects Q3 earnings per ordinary share of 19.20p and total income of GBP 4.641 billion.

Stock stays below the prior close

For investors, the central question is whether the October results can sustain the bank's high return on tangible equity while funding costs and credit quality remain key variables. NatWest stock was trading at EUR 7.54 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST, 0.21 percent below the Xetra close of October 22, 2026 at EUR 7.56.

The further course of trading is shown by the continuously updated real-time quote of NatWest stock.