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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group plc announced the purchase of 851,396 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 its capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 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 and attractive valuation are the most significant factors driving the score. Technical analysis supports a bullish outlook, while financial performance is stable but impacted by cash flow volatility.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc operates in the financial services industry, offering a range of banking and financial products primarily focused on retail and commercial banking. The company is a significant player in the UK market, providing services such as personal banking, business banking, and wealth management.
Average Trading Volume: 22,389,519
Technical Sentiment Signal: Buy
Current Market Cap: £51.22B
See more insights into NWG stock on TipRanks’ Stock Analysis page.