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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc announced the purchase of 970,948 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation, enhancing shareholder value and reflecting the company’s commitment to returning capital to its investors.
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 operates in the financial services industry, primarily offering banking and financial products. The company focuses on providing services such as personal and business banking, wealth management, and insurance, with a significant market presence in the UK.
Average Trading Volume: 22,624,369
Technical Sentiment Signal: Buy
Current Market Cap: £46.87B
See more insights into NWG stock on TipRanks’ Stock Analysis page.