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The latest announcement is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the purchase of 1,040,119 of its own ordinary shares as part of an ongoing share buyback program. The repurchased shares, acquired through Merrill Lynch International, will be canceled, which is expected to impact the company’s share capital structure by reducing the number of shares in circulation.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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 demonstrates strong financial and strategic performance, highlighted by solid earnings, attractive valuation metrics, and positive technical indicators. Despite cash flow volatility, the stock’s growth prospects and shareholder value initiatives make it an appealing investment.
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, primarily offering banking and financial products. The company focuses on providing retail and commercial banking services, serving a diverse range of customers in the UK and internationally.
Average Trading Volume: 28,714,235
Technical Sentiment Signal: Buy
Current Market Cap: £41.62B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.