JPMorgan raises target for NatWest stock from GBp 830.00 to GBp 840.00

Published on 10/09/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NatWest posted 19.70 percent RoTE for the first half of 2026. NatWest stock costs EUR 7.60 on October 9, 2026 after EUR 7.61, minus 0.13 percent.

JPMorgan raised its NatWest price target from GBp 830.00 to GBp 840.00 on October 1, 2026.
NatWest reported 19.70 percent return on tangible equity for the first half of 2026.
The Lang & Schwarz quote was EUR 7.60 on October 9, 2026, down 0.13 percent versus EUR 7.61.
NatWest will publish third-quarter 2026 results on October 30, 2026.

NatWest, GB00BM8PJY71, Illustration mit AI erstellt.

JPMorgan raised its NatWest price target from GBp 830.00 to GBp 840.00 on October 1, 2026, while keeping an Overweight rating, according to Morningstar. The move gives NatWest stock a fresh analyst reference as the bank approaches its next results date.

What does 19.70 percent RoTE mean?

NatWest delivered a 19.70 percent return on tangible equity for the first half of 2026, and its full-year return guidance moved above 19.00 percent, ScanX reported on September 18, 2026. Operating profit grew 12.40 percent to GBP 2.3 billion in the second quarter of 2026, while the cost-income ratio reached 46.00 percent.

The quality of that return is central to the valuation discussion. NatWest also reported customer assets and liabilities growth of 5.30 percent in the first half of 2026, above its medium-term target of more than 4.00 percent, according to Investing.com on September 15, 2026.

Three milestones shaped the setup

On July 31, 2026, NatWest reported first-half return on tangible equity of 19.70 percent and operating profit of GBP 2.3 billion. On September 15, 2026, management presented GBP 17.9 billion of 2026 total income guidance at the Barclays conference. On October 1, 2026, JPMorgan lifted its target to GBp 840.00 from GBp 830.00.

Next dates are October 30 and November 25

NatWest Group will release its third-quarter 2026 results on October 30, 2026, followed by an investor spotlight on Private Banking and Wealth Management on November 25, 2026, according to NatWest Group. The October report will test whether the first-half return profile and the upgraded guidance remain intact through the next reporting period.

NatWest stock price is EUR 7.60

NatWest stock was trading at EUR 7.60 at Lang & Schwarz on October 9, 2026 at 12:30 p.m. CEST, down 0.13 percent versus the prior close of EUR 7.61. The primary listing is on the London Stock Exchange under ticker NWG, where the share is quoted in GBp and NatWest is a FTSE 100 constituent. The further course of trading is shown by the continuously updated real-time quote of NatWest stock.