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NatWest Group ( (GB:NWG) ) has issued an update.
NatWest Group plc announced the purchase of 1,111,170 ordinary shares as part of its ongoing share buyback program, with the highest price paid per share at 548.40 GBp and the lowest at 541.00 GBp. The company plans to cancel these repurchased shares, which will impact the total number of shares in issue, potentially enhancing shareholder value by reducing the number of shares outstanding.
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 banking and financial services company based in the United Kingdom. It offers a wide range of services including personal and business banking, mortgages, and investment services, primarily focusing on the UK market.
Average Trading Volume: 21,422,720
Technical Sentiment Signal: Buy
Current Market Cap: £43.82B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.