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NatWest Group ( (GB:NWG) ) has issued an update.
NatWest Group plc has announced the repurchase of 959,352 ordinary shares as part of its ongoing share buyback program. The shares were purchased from Merrill Lynch International and will be canceled, which is expected to impact the company’s share capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value.
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 stock score is supported by robust corporate events and a strong earnings call, highlighting strategic achievements and shareholder returns. Technical indicators suggest positive momentum, although cash flow volatility remains a concern.
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 in the UK, offering a wide range of services including personal and business banking, insurance, and wealth management. It focuses on providing comprehensive financial solutions to individuals and businesses, maintaining a strong presence in the UK market.
Average Trading Volume: 29,637,230
Technical Sentiment Signal: Buy
Current Market Cap: £41.99B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.