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An update from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced the purchase of 357,909 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought from Merrill Lynch International at an average price of 528.54 GBp per share and will be cancelled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which could positively impact shareholder value.
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 is a major banking and financial services company based in the United Kingdom. It provides a wide range of services including personal and business banking, wealth management, and insurance products. The company primarily focuses on the UK market, serving millions of customers with its comprehensive financial solutions.
Average Trading Volume: 23,850,184
Technical Sentiment Signal: Buy
Current Market Cap: £42.33B
Learn more about NWG stock on TipRanks’ Stock Analysis page.