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An announcement from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc announced the purchase of 34,122 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The company plans to cancel the repurchased shares, which is expected to optimize its capital structure and potentially enhance shareholder value. Following this transaction, NatWest holds a significant number of shares in treasury, reflecting its strategic focus on managing share capital effectively.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 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 overall stock score is driven by strong earnings call performance and favorable valuation metrics. The company’s stable financial position and positive technical indicators further support the score, despite some challenges in cash flow management.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major banking and financial services company based in the United Kingdom. It offers a wide range of financial products and services, including personal and business banking, wealth management, and insurance. The company primarily focuses on serving customers in the UK and Ireland.
Average Trading Volume: 22,879,272
Technical Sentiment Signal: Buy
Current Market Cap: £49.5B
See more insights into NWG stock on TipRanks’ Stock Analysis page.