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The latest announcement is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has executed a transaction involving the repurchase of 882,803 ordinary shares at an average price of 516.09 GBp per share as part of its ongoing share buyback program. This move, conducted through Merrill Lynch International, is aimed at enhancing shareholder value by reducing the number of shares in circulation, with the intention to cancel the repurchased shares, thereby potentially increasing the value of remaining shares.
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 operates in the financial services industry, offering a range of banking and financial products primarily in the UK. The company focuses on retail and commercial banking services, providing solutions for personal, business, and corporate customers.
Average Trading Volume: 23,826,460
Technical Sentiment Signal: Buy
Current Market Cap: £41.2B
See more insights into NWG stock on TipRanks’ Stock Analysis page.