NatWest Buys Back Over 800,000 Shares for Cancellation in Ongoing Capital Return

NatWest Group ( (GB:NWG) ) just unveiled an update.

NatWest Group has repurchased 812,206 of its ordinary shares on 20 January 2026 as part of its ongoing share buyback programme, with the trades executed by Merrill Lynch International on the London Stock Exchange at a volume‑weighted average price of 648.77 pence per share. The bank plans to cancel the repurchased shares, leaving 7,995,366,513 ordinary shares in issue excluding 219,328,533 shares held in treasury, a move that supports capital management, can enhance earnings per share over time, and underscores management’s commitment to returning surplus capital to shareholders while tightening the free float of its stock.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £738.00 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 technical indicators and attractive valuation metrics. The company’s robust earnings call and positive corporate events further bolster its position. However, cash flow volatility remains a concern that slightly tempers the overall score.

To see Spark’s full report on GB:NWG stock, click here.

More about NatWest Group

NatWest Group is a UK-based banking and financial services group, providing retail, commercial and corporate banking products and services primarily in the UK and Ireland. Listed in London, the group focuses on deposits, lending, and a broad suite of financial solutions for consumers, small businesses and large corporates, and actively manages its capital structure through measures such as share buybacks.

Average Trading Volume: 21,114,130

Technical Sentiment Signal: Buy

Current Market Cap: £52.13B

For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.