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NatWest Group ( (GB:NWG) ) has issued an update.
NatWest Group plc announced the purchase of 3,181,580 ordinary shares as part of its ongoing share buyback program. These transactions, executed through Merrill Lynch International, are intended to reduce the number of shares in circulation by canceling the repurchased shares, thereby potentially enhancing 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 operates in the financial services industry, primarily offering banking and financial products. The company focuses on providing a wide range of services including personal and business banking, wealth management, and insurance solutions, primarily in the UK and Ireland.
Average Trading Volume: 23,598,583
Technical Sentiment Signal: Buy
Current Market Cap: £42.24B
See more insights into NWG stock on TipRanks’ Stock Analysis page.