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NatWest Group ( (GB:NWG) ) has shared an update.
NatWest Group plc has executed a purchase of 297,459 ordinary shares as part of its ongoing share buyback program, with the shares acquired at a volume-weighted average price of 544.03 GBp. This transaction, facilitated by Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.
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 operates in the financial services industry, primarily offering banking and financial products. The company is focused on providing a range of services including personal and business banking, as well as wealth management solutions.
Average Trading Volume: 23,630,132
Technical Sentiment Signal: Buy
Current Market Cap: £44B
Learn more about NWG stock on TipRanks’ Stock Analysis page.