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NatWest Group ( (GB:NWG) ) just unveiled an announcement.
NatWest Group plc announced the purchase of 2,053,799 ordinary shares as part of its ongoing share buyback program. These shares, bought from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock price and market perception.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £6.40 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 overall stock score is driven by strong earnings call results and a favorable valuation, reflecting strategic progress and attractive dividend yield. However, technical indicators suggest caution due to short-term bearish trends, and financial performance is impacted by cash flow volatility.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major banking and financial services company in the UK, offering a range of services including personal and business banking, insurance, and wealth management. The company focuses on serving customers in the UK and Ireland, with a strong emphasis on digital banking solutions.
Average Trading Volume: 23,604,512
Technical Sentiment Signal: Buy
Current Market Cap: £41.2B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.