Concerns about NatWest shares
After hitting his previous target three times, independent analyst Alistair Strang has mixed feelings. Here's why.
13th October 2025 07:50
by Alistair Strang from Trends and Targets

e’ve long been cynical about the banking sector, but for now some very real hope is almost available. Last time we reviewed NatWest Group (LSE:NWG), we gave 551p as an initial target, an ambition achieved on three occasions in the last few sessions.
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However, there is a problem as the share price failed to close a session at or above 551p, the best achieved at the end of a day being 550.2p last Wednesday. Despite during the day reaching a high of 553.6p, it conspicuously failed to close above 551p which is a bit of a concern, hinting the market may have decided “now” is not the time for some rabid acceleration.
Our Gold Standard for movement remains a price actually closing a trading session above one of our trading targets. ‘Mixed feelings’ best describe our thoughts at present, this share price achieving our initial target yet, from our perspective, still failing to impress us.
About the best we dare suggest is that if the share price exceeds the most recent high of 553.6p, it should go up to an initial useless target of 556.7p. Such an ambition would exceed a downtrend since 2007, giving substantial hope that things should be changing gear.
We now concede our secondary target above 556.7p has a secondary target of 575p. From our perspective, this would propel the share price into a zone we call “The Big Picture”, where some real movement becomes very possible. From a Big Picture perspective, share price closure above 575p now calculates with an ambition of a future 625p with our secondary, if bettered, working out at a long-term 784p.

Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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