Barclays raises target for NatWest stock from GBp 740.00 to GBp 850.00

Published on 10/14/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays cited rates and Evelyn in its October 13, 2026 upgrade. NatWest stock costs EUR 7.93 on October 14, 2026, with a GBp 850.00 target.

Barclays targets and reporting dates

Barclays set a GBp 850.00 target on October 13, 2026.
NatWest reported 19.70 percent return on tangible equity for the first half of 2026.
NatWest stock traded at EUR 7.93 at 12:37 p.m. CEST at Lang & Schwarz on October 14, 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) received Barclays' October 13, 2026 target increase from GBp 740.00 to GBp 850.00, according to AskTraders. Barclays also upgraded its rating from Equal Weight to Overweight. At 12:37 p.m. CEST on October 14, 2026, the euro quote stood at EUR 7.93 at Lang & Schwarz.

Barclays sees rates supporting earnings

The broker's case centers on higher UK interest rates, stronger revenue and the integration of Evelyn, NatWest's wealth management business. Barclays lifted its earnings-per-share estimates by up to 7 percent across 2026 to 2028, while deposit competition remains a counter-factor, Investing.com reported on October 13, 2026.

On the London Stock Exchange, NatWest closed at GBp 667.20 on October 13, 2026. The Barclays target of GBp 850.00 therefore sits above that home-market closing level, while the euro quote provides the German-market reference for this article.

What does the target mean for earnings?

The answer is the bank's operating return. NatWest reported a 19.70 percent return on tangible equity and attributable profit of GBP 3.0 billion for the first half of 2026, while management raised full-year income guidance to GBP 17.9 billion, Investing.com reported on October 13, 2026. The figures give Barclays' valuation argument a recent operating anchor rather than relying only on a rate view.

Three dated NatWest developments

On July 31, 2026, NatWest reported its first-half results, including 19.70 percent return on tangible equity, according to NatWest Group. On October 1, 2026, the bank's chair bought 1,835 shares at GBP 6.7040, according to StockTitan. On October 13, 2026, Barclays raised its target from GBp 740.00 to GBp 850.00.

Next reporting dates are set

NatWest's next two scheduled milestones are its third-quarter results on October 30, 2026, followed by annual results on February 12, 2027. Both dates appear in the company's investor-relations calendar, which also identifies the July 31, 2026 first-half results.

Euro quote and home-market context

NatWest stock was trading at EUR 7.93 at Lang & Schwarz on October 14, 2026 at 12:37 p.m. CEST. The London Stock Exchange reference was a closing level of GBp 667.20 on October 13, 2026, while the bank's market capitalization was GBP 53.4 billion as of October 13, 2026.

The further course of trading is shown by the continuously updated real-time quote of NatWest stock.