07:15 AM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to USD15 (from USD13). We applied a P/B multiple of 1.16x to NWG's 2025 consensus book value per share (BVPS) of GBP4.73. The implied premium to NWG's five-year average P/B of 0.65x is justified in our view by the company's improving ROE profile. We leave our earnings per ADS forecasts unchanged. We keep our Buy call on NWG following its solid Q1 2025, which supports our investment thesis for the company. NWG has already achieved 25% of the upper end of its revenue guidance, while its RoTE of 18.5% is 2.5%-pts above target. We expect an upward revision to guidance if momentum continues, though remain cautious about increased macroeconomic uncertainty. Amid increasing macroeconomic uncertainty, we are comforted by NWG's strengthening asset quality, driven by what we think is a tightly managed lending appetite.