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NatWest Group ( (GB:NWG) ) has provided an update.
NatWest Group plc announced the repurchase of 857,176 ordinary shares as part of its ongoing share buyback program, with the highest price paid per share being 620.80 GBp and the lowest at 610.80 GBp. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 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 technical indicators and attractive valuation metrics. The company’s robust earnings call and positive corporate events further bolster its position. However, cash flow volatility remains a concern that slightly tempers the overall score.
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 retail and commercial banking services, serving a diverse range of customers in the UK and internationally.
Average Trading Volume: 22,294,682
Technical Sentiment Signal: Buy
Current Market Cap: £49.66B
See more data about NWG stock on TipRanks’ Stock Analysis page.