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The latest update is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the repurchase of 1,123,370 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at an average price of 523.78 GBp per share, and the company plans to cancel these shares, which will impact the total number of shares in issue and potentially enhance shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £6.20 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 Outperform.
NatWest Group’s strong earnings call performance and positive technical indicators are the most significant factors driving the score. While the financial performance shows stability, cash flow volatility is a concern. The valuation suggests the stock is undervalued, and the attractive dividend yield adds to its appeal.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc operates in the banking and financial services industry, providing a range of services including personal and business banking, wealth management, and insurance. The company primarily focuses on the UK market, serving millions of customers with a strong emphasis on digital banking solutions.
Average Trading Volume: 23,491,408
Technical Sentiment Signal: Buy
Current Market Cap: £42.24B
Learn more about NWG stock on TipRanks’ Stock Analysis page.