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The latest update is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the purchase of 494,497 of its own ordinary shares as part of its ongoing share buyback program. The shares, bought from Merrill Lynch International, will be canceled, reducing the number of shares in circulation and potentially increasing the value of remaining shares, which may impact shareholder value positively.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £613.00 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 strong earnings call performance and positive technical indicators are the most significant factors driving the score. While the financial performance shows stability, cash flow volatility is a concern. The valuation suggests the stock is undervalued, and the attractive dividend yield adds to its appeal.
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 providing services to individuals, small businesses, and large corporations, with a significant presence in the UK market.
Average Trading Volume: 25,901,213
Technical Sentiment Signal: Buy
Current Market Cap: £44.12B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.