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An update from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc announced the purchase of 1,027,913 ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at a volume-weighted average price of 548.51 GBp per share. This move is part of the company’s strategy to manage its capital structure and is expected to enhance shareholder value by reducing the number of shares in circulation.
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, primarily offering banking and financial products. The company focuses on providing services such as personal and business banking, insurance, and wealth management, with a significant presence in the UK market.
Average Trading Volume: 21,370,214
Technical Sentiment Signal: Buy
Current Market Cap: £43.66B
See more insights into NWG stock on TipRanks’ Stock Analysis page.