NatWest Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

The latest announcement is out from NatWest Group ( (GB:NWG) ).

NatWest Group has repurchased 2,823 ordinary shares over the past week as part of its ongoing share buyback programme, with the trades executed by UBS AG on the London Stock Exchange. The bank plans to cancel the repurchased shares, leaving 7,981,410,133 ordinary shares in issue excluding 194,675,091 shares held in treasury, a move that marginally reduces free float while supporting capital return and potential earnings-per-share accretion for investors.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £607.00 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 NWG Stock

According to Spark, TipRanks’ AI Analyst, 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 NWG stock, click here.

More about NatWest Group

NatWest Group plc is a major UK-based banking and financial services group, providing retail, commercial and institutional banking, as well as wealth management services. The group focuses primarily on UK and Ireland markets, serving individuals, small and medium-sized enterprises and larger corporates, and is listed on the London Stock Exchange.

Average Trading Volume: 17,888,765

Technical Sentiment Signal: Strong Buy

Current Market Cap: £48.24B

See more data about NWG stock on TipRanks’ Stock Analysis page.