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The latest announcement is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has executed a share buyback transaction, purchasing 126,404 ordinary shares at a volume-weighted average price of 523.23 GBp per share from Merrill Lynch International. This transaction is part of the company’s ongoing share buyback program, and the repurchased shares are intended to be canceled, which may impact the company’s share capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £570.00 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 player in the financial services industry, primarily offering banking and financial services. It focuses on serving personal, business, and commercial customers in the UK and internationally.
Average Trading Volume: 23,875,314
Technical Sentiment Signal: Buy
Current Market Cap: £41.68B
Learn more about NWG stock on TipRanks’ Stock Analysis page.