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NatWest Group ( (GB:NWG) ) has shared an announcement.
NatWest Group plc announced the repurchase of 1,408,940 of its ordinary shares as part of its ongoing share buyback program. The transaction, executed through Merrill Lynch International, reflects NatWest’s strategy to manage its capital structure effectively, potentially enhancing 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, providing a range of banking and financial products to individuals and businesses. The company is primarily focused on the UK market, offering services such as personal and business banking, insurance, and investment solutions.
Average Trading Volume: 21,337,405
Technical Sentiment Signal: Buy
Current Market Cap: £43.98B
See more data about NWG stock on TipRanks’ Stock Analysis page.