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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group plc has announced the purchase of over 3 million of its own ordinary shares as part of an ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation, which could potentially enhance shareholder value and improve financial metrics.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £6.20 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 financial services company based in the United Kingdom, primarily engaged in providing banking and financial services to individuals and businesses. The company operates in various segments including retail banking, commercial banking, and wealth management, with a focus on the UK market.
Average Trading Volume: 23,757,691
Technical Sentiment Signal: Buy
Current Market Cap: £41.15B
Learn more about NWG stock on TipRanks’ Stock Analysis page.