Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the purchase of 2,432,493 ordinary shares as part of its ongoing share buyback program, with the shares acquired from Merrill Lynch International. The company plans to cancel these repurchased shares, which will impact the total number of shares in issue, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.
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 is a major banking and financial services company based in the United Kingdom, offering a wide range of financial products and services including personal and business banking, mortgages, and investment services. The company primarily focuses on the UK market, serving millions of customers with its comprehensive financial solutions.
Average Trading Volume: 22,666,090
Technical Sentiment Signal: Buy
Current Market Cap: £50.6B
Learn more about NWG stock on TipRanks’ Stock Analysis page.