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NatWest Group ( (GB:NWG) ) has provided an update.
NatWest Group plc has announced the purchase of 908,333 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel these shares, which is expected to impact its share capital structure by reducing the number of shares in circulation, potentially increasing shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £725.00 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 Outperform.
NatWest Group’s overall stock score is driven by strong earnings call performance and favorable valuation metrics. The company’s stable financial position and positive technical indicators further support the score, despite some challenges in cash flow management.
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, primarily operating in the UK. It offers a range of services including personal and business banking, insurance, and wealth management, focusing on serving individuals, small businesses, and large corporations.
Average Trading Volume: 22,516,186
Technical Sentiment Signal: Buy
Current Market Cap: £46.81B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.