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NatWest Group ( (GB:NWG) ) just unveiled an announcement.
NatWest Group has announced that His Majesty’s Treasury no longer holds any voting rights in the company after disposing of 72,808,328 ordinary shares. This disposal is part of a trading plan initially announced in July 2021 and extended in April 2023. The move signifies a significant change in the ownership structure of NatWest, potentially impacting its market positioning and stakeholder dynamics.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 reflects robust financial stability and positive technical trends. Strong earnings and strategic activities bolster its position, though cash flow volatility and economic uncertainties pose risks. Attractive valuation metrics support a favorable investment outlook.
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 services including personal and business banking, insurance, and investment management, primarily focusing on the UK and Ireland markets.
Average Trading Volume: 36,181,000
Technical Sentiment Signal: Buy
Current Market Cap: £41.94B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.