NatWest Shares Decline to 598p Ahead of Earnings Report
NatWest Group (LSE: NWG) shares have recently faced a decline, dropping to approximately 598p amid heightened market activity. This downturn comes just ahead of the upcoming earnings announcement scheduled for February 13, 2026. Investors are particularly attentive to this support level as it reflects a pivotal point in short-term trading.
Current Price Movements and Market Overview
In early London trading, NatWest shares opened at around 613.80p but reversed sharply, reaching a low of 598.00p. The current market price hovers around 600p, with a significant range observed throughout the day from 598.00p to 614.80p. This volatility highlights a critical juncture for the bank’s stock as it approaches its earnings report.
- Current Price: ~600p
- Day Low: 598p
- 52-Week High: 705.40p
- Market Capitalization: £49.44 billion
- P/E Ratio: 9.38
- Dividend Yield: 4.13%
- Analyst Target: 696.50p (~16% potential upside)
Earnings Report Expectations
NatWest is set to unveil its earnings on February 13, 2026. Investors will be assessing several key factors, including:
- Net Interest Margin performance
- Growth in mortgage lending
- Trends in credit impairment
- Updates regarding dividends and possible capital returns
The bank’s current P/E ratio of 9.38 indicates that the shares are valued attractively compared to other UK banking stocks. A modest earnings surprise could lead to a re-evaluation of the stock, especially given its current trading below the 52-week high.
Analysis of Upside and Downside Risks
From the present level of around 600p, the average analyst price target of 696.50p suggests a potential upside of approximately 16%. Conversely, a drop below the 598p threshold might expose the stock to a decline toward the mid-580p range, representing a short-term risk of about 3% to 5%.
Technical Standpoint Ahead of Earnings
Technically, NatWest shares are trading within a range defined by 598p support and 615p resistance. A close above 620p could indicate a bullish trend toward higher price targets, potentially reaching 650p. However, if the stock falls below 598p, it may trigger automated selling, reflecting investor sensitivity to earnings outcomes.
Market Sentiment and Future Outlook
Despite the recent fluctuations, NatWest has demonstrated resilience, climbing from a 52-week low of 380.60p. Analysts express cautious optimism concerning the upcoming earnings report, which could be a decisive factor in determining the stock’s direction. As the market braces for this key update, the 598p support level will play a crucial role in shaping traders’ strategies moving forward.
