Barclays upgrades NatWest stock to Overweight at 850 GBp

Published on 10/15/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays lifted its rating on October 13, 2026 and set an 850 GBp target. NatWest stock costs EUR 7.98 on October 15, 2026.

Earnings and analyst signals

Barclays moved NatWest from Equal Weight to Overweight and raised its target from GBp 740.00 to GBp 850.00 on October 13, 2026.
NatWest reported a 19.70 percent return on tangible equity for the first half of 2026.
NatWest stock traded at EUR 7.98 at 9:36 a.m. CEST at Lang & Schwarz on October 15, 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 Group (ISIN GB00BM8PJY71) was trading at EUR 7.98 at Lang & Schwarz on October 15, 2026 at 9:36 a.m. CEST. On October 13, 2026, Barclays upgraded the bank from Equal Weight to Overweight and raised its price target from GBp 740.00 to GBp 850.00, according to Business Insider.

Barclays raises target to 850 GBp

The revised target gives the latest analyst view a concrete earnings angle. At the London close of GBp 667.20 on October 13, 2026, GBp 850.00 represented 27.43 percent upside, calculated in the same currency.

Barclays cited higher interest rates, continued business growth and benefits from the Evelyn wealth management acquisition. Its note also said deposit and funding costs could offset part of that benefit, as Yahoo Finance reported.

What does the target mean for earnings?

NatWest entered the debate with stronger first-half operating metrics. Investing.com reported that attributable profit rose 22.00 percent to GBP 3.0 billion in the first half of 2026, while return on tangible equity reached 19.70 percent. Management also raised full-year 2026 income guidance to GBP 17.9 billion.

Three dated NatWest milestones

On July 31, 2026, NatWest released first-half results and reported GBP 3.0 billion of attributable profit, according to NatWest Group.

On September 18, 2026, Group Chief People Officer Maria Kokkinou acquired 599 ordinary shares, according to Reuters.

On October 13, 2026, Barclays delivered the latest event by moving its rating to Overweight and setting the GBp 850.00 target.

Next dates are October 30 and February 12

The investor-relations calendar lists NatWest Group Q3 results for October 30, 2026 and annual results for February 12, 2027. Those dates frame the next tests for the upgraded income outlook and the bank's capital-return plans, according to NatWest Group.

Stock price and upcoming results

NatWest Group uses ticker NWG on the London Stock Exchange, where the stock closed at GBp 667.20 on October 13, 2026. The next results date is October 30, 2026. NatWest stock was trading at EUR 7.98 at Lang & Schwarz on October 15, 2026 at 9:36 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of NatWest stock.