Barclays raises target for NatWest stock to GBp 850.00

Published on 10/27/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NatWest earned GBP 1.60 billion in Q2 2026. NatWest stock costs EUR 7.59 on October 27, 2026, minus 0.08 percent versus the Frankfurt close.

Analyst target and reporting date

The target rose from GBp 740.00 to GBp 850.00 on October 13, 2026.
Second-quarter 2026 net income reached GBP 1.60 billion, with return on tangible equity at 21.00 percent.
NatWest stock cost EUR 7.59 at Lang & Schwarz on October 27, 2026, minus 0.08 percent versus the Frankfurt close.
NatWest will publish third-quarter 2026 results on October 30, 2026.

NatWest, GB00BM8PJY71, Illustration mit AI erstellt.

Barclays upgraded NatWest from Equal Weight to Overweight and raised its target from GBp 740.00 to GBp 850.00 on October 13, 2026, according to Markets Insider. The euro quote was EUR 7.59 at Lang & Schwarz on October 27, 2026 at 5:04 p.m. CEST, minus 0.08 percent versus the Frankfurt close of October 26, 2026.

Barclays target reaches GBp 850.00

The revised target stands 33.69 percent above NatWest's LSE price of GBp 635.80 on October 27, 2026 at 4:08 p.m. GMT. That comparison uses the same pence quotation and keeps the euro quote separate from the London listing.

Barclays cited potential earnings upside from higher rates, continued business growth and benefits from the Evelyn wealth management acquisition. Deposit and funding costs were identified as a partial offset in the same report.

NatWest trades below its yearly high

NatWest's LSE price of GBp 635.80 stood 19.33 percent below the 52-week high of GBp 788.20 and 26.05 percent above the low of GBp 504.41 on October 27, 2026. The quoted market capitalization was GBP 50.3 billion, while the price-to-earnings ratio was 8.47.

The stock's latest London volume was 6,026,695 shares on October 27, 2026. Lloyds Banking Group traded at GBp 102.30, down 0.20 percent, with a price-to-earnings ratio of 12.69 and a GBP 58.7 billion market capitalization; Barclays traded at GBp 420.70, up 0.47 percent, with a ratio of 8.31 and a GBP 56.1 billion market capitalization.

Q2 profit and the October 30 date

NatWest reported GBP 4.40 billion of income excluding notable items in the second quarter of 2026, up 5.40 percent from the first quarter, and posted GBP 1.60 billion of profit attributable to ordinary shareholders. Its return on tangible equity reached 21.00 percent, according to Yahoo Finance.

Management raised 2026 guidance for income excluding notable items to GBP 17.90 billion and expects return on tangible equity above 19.00 percent. NatWest's investor calendar lists the next quarterly results for October 30, 2026, at 7:00 a.m. GMT, with the company presentation at 9:00 a.m. GMT, according to NatWest Group.

Comparison with peers

NatWest: minus 0.08 percent, price-to-earnings ratio 8.47, market capitalization GBP 50.3 billion.
Lloyds Banking Group (LSE, GBp): minus 0.20 percent, price-to-earnings ratio 12.69, market capitalization GBP 58.7 billion.
Barclays (LSE, GBp): plus 0.47 percent, price-to-earnings ratio 8.31, market capitalization GBP 56.1 billion.

Euro quote after the Xetra session

NatWest stock was trading at EUR 7.59 at Lang & Schwarz on October 27, 2026 at 5:04 p.m. CEST, minus 0.08 percent versus the Frankfurt close of October 26, 2026 at EUR 7.60. The London listing remained separate at GBp 635.80 at 4:08 p.m. GMT.

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