12:55 AM EDT, 07/28/2025 (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 keep our 12-month target price for NWG of USD16. This was derived by applying a P/B multiple of 1.28x to NWG's 2025 consensus book value per share of GBP4.67. The implied premium to NWG's five-year average P/B of 0.65x is justified in our view by NWG's earnings momentum, improving profitability profile, and disciplined capital deployment. NWG's return to full private ownership marks a pivotal shift that also supports a higher valuation multiple, in our opinion. We raise our earnings per ADS forecasts to GBP1.20 (from GBP1.10) for 2025 and GBP1.40 (from GBP1.24) for 2026. We retain our Buy opinion given NWG's upgraded guidance, strong capital returns, and ability to deliver sustained revenue growth and margin resilience despite macroeconomic headwinds. With a payout ratio of around 40%-50% and improving earnings visibility, the bank is well-positioned to sustain progressive dividends and complement them with share buybacks, in our opinion.