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NatWest Group ( (GB:NWG) ) has shared an update.
NatWest Group plc announced the purchase of 1,771,889 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in its financial management.
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’s strong valuation and positive technical indicators are major strengths, supported by robust earnings performance and strategic corporate actions like share buybacks. However, cash flow volatility and impairment charges are areas of concern.
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. The company focuses on providing services such as personal and business banking, wealth management, and insurance solutions, primarily within the UK market.
Average Trading Volume: 26,521,905
Technical Sentiment Signal: Buy
Current Market Cap: £42.22B
See more insights into NWG stock on TipRanks’ Stock Analysis page.