NatWest edges higher after 4 percent move in New York, analysts see moderate upside for the shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 16:25.

NatWest (GB00BM8PJ831) started Tuesday trading on the London Stock Exchange slightly firmer, after its New York listed shares closed at 17.50 US dollars on Monday. The US line on the NYSE gained 4.35 percent to 17.50 dollars on 22 June according to TradingKey price data.

What the latest consensus shows

On the London Stock Exchange, NatWest carries the ticker NWG and a market capitalization of around 52.4 billion pounds, with the shares recently quoted near 657 pence according to Hargreaves Lansdown data. The dividend yield stands just under 5 percent, based on a 23 pence per share payout with an ex-dividend date of 19 March 2026 and payment on 5 May 2026.

Analyst aggregation on MarketBeat shows a consensus rating of "Moderate Buy" for NatWest, with an average price target around 727 pence, implying mid-single-digit percentage upside from current London levels according to MarketBeat’s NWG overview. The 52-week trading range on the LSE stretches roughly from 471 pence on the downside to 705.4 pence on the upside, underlining the volatility the UK banking sector has seen over the past year.

How NatWest compares to peers

Within the UK banking sector, NatWest is often viewed alongside Lloyds Banking Group and Barclays, which are also members of the FTSE 100 index. NatWest’s price-to-earnings ratio around 9 to 10 times trailing earnings, based on London quotes, positions it in a similar valuation band to some domestic peers, according to data compiled by MarketBeat and Hargreaves Lansdown in their analyst and valuation sections.

The ADR-like New York listing, trading under the ticker NWG on the NYSE, closed Monday’s session with a market capitalization indicated at approximately 70 billion dollars, using TradingKey’s figures and prevailing exchange rates. The US shares changed hands at 17.50 dollars after a 0.73 dollar advance, which translates to the 4.35 percent daily gain and reflects renewed interest from overseas investors in UK financials as shown in TradingKey’s valuation snapshot.

The business behind the bank

NatWest generates most of its income from UK-focused retail and commercial banking, serving more than 20 million customers through current accounts, savings, mortgages and business lending, according to its own corporate profile on investor materials. The group also operates private banking and wealth management units, alongside selected capital markets and treasury services that support corporate and institutional clients.

Where the stock trades today

The NatWest shares (GB00BM8PJ831) last traded in London at around 657 pence on the London Stock Exchange, with this indicative price level based on Hargreaves Lansdown data as of 2026-06-22, 16:00, in British pounds.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data have been compiled with care but without any guarantee; please consult original sources and consider your personal financial situation before making investment decisions.