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NatWest Group ( (GB:NWG) ) has provided an update.
NatWest Group plc has announced the repurchase of 1,127,302 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value. This move is part of the company’s strategy to manage its capital structure and return value to shareholders.
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 is a major player in the financial services industry, primarily offering banking and financial services. The company focuses on providing a range of services including personal and business banking, wealth management, and insurance products, primarily in the UK and Ireland markets.
Average Trading Volume: 21,381,366
Technical Sentiment Signal: Buy
Current Market Cap: £43.47B
See more data about NWG stock on TipRanks’ Stock Analysis page.