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NatWest Group ( (GB:NWG) ) just unveiled an announcement.
NatWest Group plc has announced the purchase of 756,033 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, with the company planning to cancel the repurchased shares. Following this transaction, NatWest will hold over 231 million shares in treasury, with more than 8 billion shares remaining in issue, which may impact its stock liquidity 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 focusing on banking and financial products. The company offers a range of services including personal and business banking, wealth management, and insurance, with a significant market focus in the UK and Ireland.
Average Trading Volume: 24,018,441
Technical Sentiment Signal: Buy
Current Market Cap: £42.01B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.