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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc announced the repurchase of 993,264 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value, reflecting a proactive approach in maintaining financial stability and market confidence.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 strong earnings call performance and attractive valuation are the primary drivers of its overall score. Technical indicators support a positive outlook, although financial performance is tempered by cash flow volatility.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc operates within the financial services industry, primarily offering banking and financial products. The company focuses on providing a range of services including personal and business banking, wealth management, and insurance, with a significant presence in the UK market.
Average Trading Volume: 28,055,701
Technical Sentiment Signal: Buy
Current Market Cap: £41.35B
For an in-depth examination of NWG stock, go to TipRanks’ Overview page.