NatWest Share Price Today: Live Data, Decline & Forecast

Few stocks command attention quite like NatWest Group, a FTSE 100 mainstay that’s become both a dividend darling and a source of investor head-scratching. Today the UK bank’s shares sit around 598 pence on the London Stock Exchange, a level that feels neither cheap nor expensive—but a 5.5% dividend yield and a wide gap between analyst targets and current price hint at a story worth unpacking. This snapshot pulls together live trading data, reasons behind the recent drift, historical context, and what the experts think comes next.

Last close: 598.40p ·
Open: 597.20p ·
Dividend yield: 5.51% ·
Market cap: £46.98bn

Seven key numbers, one pattern: the stock trades at a discount to virtually every analyst estimate while offering a yield that tops most banks.

The implication: NatWest is priced for caution, not crisis. The P/E of 8.8 is roughly half the FTSE 100 average, and the dividend yield of 5.51% is well above the index’s 3.9%. Yet the stock hasn’t caught a bid — and that gap is the editorial heart of this story.

What price are NatWest shares today?

• London-listed ordinary shares: last quoted at 598.40p to 599.40p on the London Stock Exchange company page.
• Previous close and open: Interactive Investor shows a close of 598.20p and an open of 597.20p (Interactive Investor).
• NYSE ADR: the US depositary receipt trades at $16.17, up 1.35% in the latest session (MarketBeat).
• Dividend data: Hargreaves Lansdown reports a dividend yield of 5.51% with a per-share payout of £0.23 (Hargreaves Lansdown).

The takeaway: the UK listing offers a straightforward way to gain direct exposure to NatWest, while the ADR tracks the same equity in dollars. Both point to a stock that’s roughly half the price of its pre‑breakup peaks and currently yielding more than most fixed-income alternatives.

Why are NatWest shares going down?

• Year-to-date decline on the NYSE: the ADR stood at $17.49 on 1 January 2026 and has since fallen 7.6% to $16.1660, according to MarketBeat.
• Broader performance context: despite the recent dip, the stock has surged 166% since the start of 2024 and is on pace for a second consecutive strong annual gain, as noted in a Morningstar analyst summary (Morningstar video summary).
• Valuation signal: a price-to-earnings ratio of 8.80 suggests the market is pricing in slow growth or risk, even as the bank posted £2.1bn in Q3 2025 pre-tax profit, up 30% year-on-year (Morningstar video summary).

The pattern: the recent selling is more about sentiment and the broader UK economic outlook than any deterioration in NatWest’s fundamentals. For investors who trust earnings momentum, the dip may look like a discount.

What was the highest share price of NatWest?

• Pre‑financial‑crisis peak: the all‑time high for the stock (including the legacy Royal Bank of Scotland entity) is £57.79, set in 2007. At today’s price of roughly £6.00, the shares sit about 90% below that record (Morningstar video summary).
• 52‑week perspective: while specific exchange‑sourced 52‑week levels are not independently verified in the available data, the stock’s trajectory from its post‑pandemic low of below £1.50 in 2020 to the current £6.00 area represents a multi‑year recovery.
• Recent rally: since the start of 2024, the shares have risen 166%, and they are up 45% in 2025 alone (Morningstar video summary).

The trade-off: investors who buy at 598p are betting the bank can sustain its earnings momentum; those who wait risk missing the dividend income while the stock remains undervalued.

What is the share price forecast for NatWest?

• Analyst consensus (Investors Chronicle): based on 15 analysts, the median 12‑month target is 730.00p, with a high of 840.00p and a low of 600.00p. The median implies a 22.03% upside from the last price of 598.20p (Investors Chronicle).
• MarketScreener consensus: the average target stands at 7.376 GBP (737.6p), with a high of 8.400 GBP and a low of 6.350 GBP (MarketScreener).
• Morningstar view: analyst Nicholas Cammer raised the fair value estimate to £550 per share, below the current market price, and assigned a narrow economic moat rating (Morningstar video summary).

NatWest has a narrow economic moat, and we have raised our fair value estimate to £550 per share.

— Nicholas Cammer, Morningstar analyst (Morningstar video summary)

The median 12‑month target of 730.00p implies a 22.03% upside from the last price of 598.20p.

— Investors Chronicle consensus data (Investors Chronicle)

The pattern: the consensus is bullish in the short term, but the range (600p–840p) is wide — 30% between low and high — reflecting genuine disagreement about the retail banking outlook and UK interest rate trajectory.

Is NatWest a good share to buy?

The score: for income‑focused UK investors, the 5.5% yield is compelling. For growth‑oriented buyers, the wide range of analyst targets and Morningstar’s lower fair value argue for caution. The trade-off is real income today versus uncertain capital appreciation tomorrow.

Timeline

• Early 2024: NatWest shares begin a powerful rally, gaining 166% over the next 18 months (Morningstar video summary).
• Q3 2025: NatWest reports pre‑tax operating profit of £2.1bn, up 30% from Q3 2024 (Morningstar video summary).
• 1 January 2026: NYSE ADR trades at $17.49 (MarketBeat).
• March 2026: LSE shares hover around 598p, 22% below median analyst target (London Stock Exchange).
• 19 March 2026: ex‑dividend date for the next payout (Hargreaves Lansdown).

The implication: each milestone shows a bank that has rebuilt earnings power and shareholder returns, yet the March 2026 price sits 22% below what analysts collectively think it is worth — a gap that historically has closed through price appreciation or dividend capture.

Clarity breakdown

For UK income seekers, the choice is clear: a 5.5% dividend yield with potential for capital upside if the stock reaches analyst targets, but with near-term volatility from economic uncertainty. The most direct route is buying ordinary shares through a UK broker, locking in the yield and waiting for the market to re-rate the stock. The alternative is to wait for more clarity on interest rates and regulation — but that means missing out on a yield that is already among the best in the FTSE 100.

Related reading: **FTSE 100 Today Live: Price, News, and Market Analysis** · **Stocks & Shares ISA UK: Is It Worth It? Best Providers**

Frequently asked questions