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NatWest Cancels Over 1 Million Shares in Ongoing Buyback Programme

Story Highlights
  • NatWest repurchased over one million ordinary shares on 3 March 2026 as part of its ongoing buyback programme and plans to cancel them.
  • The cancellation will reduce NatWest’s share count, support capital returns and may enhance earnings per share, reinforcing shareholder value focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NatWest Cancels Over 1 Million Shares in Ongoing Buyback Programme

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NatWest Group ( (GB:NWG) ) has issued an announcement.

NatWest Group has repurchased a total of 1,033,?925 ordinary shares on 3 March 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe venues, at volume‑weighted average prices around 585 pence per share, as part of its ongoing share buyback programme with UBS AG acting as the counterparty. The bank intends to cancel the repurchased shares, which will reduce its share count while leaving 217,746,232 shares held in treasury and 7,973,836,567 ordinary shares in issue, supporting capital return to shareholders and potentially enhancing earnings per share over time.

The latest tranche of buybacks underscores NatWest’s continued execution of its capital management strategy and signals confidence in its balance sheet strength and future prospects. By tightening the free float through cancellations and maintaining a sizeable treasury stock, the group is reinforcing its focus on shareholder value, which may bolster investor sentiment in the U.K. banking sector.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £670.00 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 U.K. banking and financial services group, providing retail, commercial and corporate banking, as well as wealth management and related financial products. The group focuses primarily on the U.K. and Ireland markets, serving individuals, small and medium-sized enterprises and larger institutional clients.

Average Trading Volume: 22,839,890

Technical Sentiment Signal: Buy

Current Market Cap: £47.86B

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

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