NatWest Group (NWG) Stock Forecast & Price Target

NatWest Group
Bear Case

Investors should be bearish about investing in NatWest Group plc for these reasons:

• Recent insider activity shows significant selling, with Paul Thwaite selling 260,000 shares and Katie Murray selling 111,000 shares on September 2nd, 2026, which may signal a lack of confidence from company insiders in the current stock price.
• Three of the eight brokerages covering the stock have issued a "Hold" recommendation, indicating that a portion of the sell-side believes the stock is fairly valued and may not offer the same upside as the "Buy" ratings suggest.
• The stock recently hit a 52-week low of $504.00, and while it has recovered, the recent price action and insider selling suggest that the stock may still be under pressure or facing headwinds that have not yet been fully resolved.
• The company's market capitalization of £55.67 billion and the recent redemption of £1bn in Tier 2 notes indicate significant financial obligations and capital management challenges that could impact future earnings and dividend sustainability.
• The stock's 50-day simple moving average is GBX 684.35, and the current price of $697.80 is only slightly above this level, suggesting that the recent rally may lack strong momentum and could be vulnerable to a pullback if market sentiment shifts.