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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group has continued its ongoing share buyback programme, repurchasing a total of 533,910 ordinary shares on 20 February 2026 across the London Stock Exchange and alternative trading venues at a volume-weighted average price of just over 622 pence. The company plans to cancel these shares, which will reduce the number of shares in circulation and leave 7,978,835,507 ordinary shares in issue excluding treasury holdings, potentially supporting earnings per share and capital efficiency for investors.
The purchases were executed by UBS AG, London Branch under instructions issued earlier in February, highlighting NatWest’s continued use of capital return mechanisms alongside dividends. By retaining 217,968,097 shares in treasury while cancelling newly repurchased stock, NatWest is actively managing its capital structure, which may influence its share price dynamics and signal confidence in its balance sheet strength.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £660.00 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.
The score is driven primarily by solid profitability and upbeat guidance/capital returns, reinforced by attractive valuation. These positives are tempered by weak and volatile cash flow (including the most recent year), and softer near-term technical momentum.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major UK-based banking and financial services group, offering retail, commercial and investment banking products to individuals, businesses and institutions. The group focuses on the UK and Ireland, providing current and savings accounts, lending, payment services and wealth management, and is a significant player in the domestic banking market.
Average Trading Volume: 21,778,265
Technical Sentiment Signal: Buy
Current Market Cap: £50.2B
For an in-depth examination of NWG stock, go to TipRanks’ Overview page.

