Barclays Rates NatWest (NWG) Overweight

Barclays has raised its rating on NatWest Group plc (NYSE: NWG) to Overweight on October 13, 2026. This change reflects a more positive outlook for the bank, which operates in the financial services sector, providing a variety of banking products and services in the UK and beyond.

Barclays' Call on NatWest Group

On the same day, Barclays upgraded its rating for NatWest Group to Overweight. This is a notable shift as it signals a more favorable view of the bank's future performance, although no specific price target was provided. The upgrade comes as the bank's shares have been recently trading around $17.48, suggesting potential for growth.

Other Institutional Activity in NatWest Group

Several other institutional investors have also adjusted their positions in NatWest Group. FMR, LLC increased its holdings by 3,588,263 shares, bringing its total to 18,156,932 shares valued at about $318.2 million. Meanwhile, BNP Paribas Financial Markets saw a substantial increase, adding 12,465,356 shares, now holding 12,635,013 shares worth approximately $221.4 million. Conversely, Capital International Investors slightly reduced its stake by 66,411 shares, ending with 12,704,937 shares valued at around $222.7 million. These movements reflect a mix of confidence and caution among institutional investors.

NatWest Group plc Stock Down 6.3%

Currently, NatWest Group's shares are trading at $17.48, a level that may provide an attractive entry point for investors following Barclays' upgrade. The bank's recent performance shows resilience, with a trailing twelve-month revenue of approximately $16.8 billion and a net margin of 37.7%. These figures highlight the company's strong financial position and potential for future growth.

Recent Earnings

For its trailing twelve months, NatWest reported a revenue of $16,805,999,616 and earnings per share (EPS) of $2.00. The bank has demonstrated a year-over-year revenue growth of 14.5% and a return on equity (ROE) of 14.8%. The next earnings report is set for October 30, 2026, which could provide further insights into the company's performance and growth prospects.

Analysts Set New Price Targets

As of now, Barclays is the only firm to have recently issued a rating change for NatWest, upgrading it to Overweight on October 13, 2026. The consensus from analysts is still forming, and no specific price targets have been set following this upgrade.

About NatWest Group

NatWest Group plc, headquartered in Edinburgh, UK, provides a wide range of banking and financial services through its various segments. It serves customers both in the UK and internationally, focusing on retail and commercial banking. This upgrade by Barclays could reflect a broader optimism about the bank's ability to capitalize on market opportunities.

Bottom Line

Investors should watch for NatWest's upcoming earnings report on October 30, 2026, which may provide additional insights into its financial health and business strategy. Barclays' upgrade to an Overweight rating marks a significant shift in sentiment towards the bank, potentially setting the stage for future growth.