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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc announced the purchase of 272,667 of its own ordinary shares as part of its ongoing share buyback program. The repurchased shares, acquired from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation, which could potentially enhance shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £6.32 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 is a major banking and financial services company based in the United Kingdom. It provides a wide range of financial products and services, including personal and business banking, insurance, and investment solutions, primarily focusing on the UK and Ireland markets.
Average Trading Volume: 24,794,191
Technical Sentiment Signal: Buy
Current Market Cap: £45.05B
Learn more about NWG stock on TipRanks’ Stock Analysis page.