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NatWest Group ( (GB:NWG) ) has provided an update.
NatWest Group plc has announced the purchase of 1,163,614 of its own ordinary shares as part of its ongoing share buyback program. The shares, bought from Merrill Lynch International, are intended to be canceled, which will adjust the company’s share capital structure by increasing the number of shares held in treasury. This move is part of NatWest’s strategy to manage its capital efficiently and potentially enhance shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
Spark’s Take on GB:NWG Stock
According to Spark, TipRanks’ AI Analyst, GB:NWG is a Neutral.
NatWest Group’s strong earnings call and attractive valuation are significant positives, indicating robust financial health and strategic progress. However, technical analysis shows mixed signals, and cash flow volatility remains a concern.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc operates in the financial services industry, providing a range of banking and financial products primarily focused on retail and commercial banking. The company is a major player in the UK market, offering services such as personal banking, business banking, and wealth management.
Average Trading Volume: 21,103,816
Technical Sentiment Signal: Buy
Current Market Cap: £42.94B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.