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The latest update is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the repurchase of 876,659 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, impacting the company’s share structure by increasing the number of shares held in treasury and reducing the total shares in circulation, which may influence shareholder value and market perception.
The most recent analyst rating on (GB:NWG) stock is a Buy 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 operates in the financial services industry, primarily offering banking and financial solutions. The company focuses on providing personal and business banking services, wealth management, and insurance products, primarily in the UK and Ireland.
Average Trading Volume: 24,072,802
Technical Sentiment Signal: Buy
Current Market Cap: £40.72B
Find detailed analytics on NWG stock on TipRanks’ Stock Analysis page.