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The latest update is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the purchase of 1,055,832 of its own ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be cancelled, reducing the total number of shares in circulation, which may positively impact shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 overall stock score is positively influenced by its robust financial performance and attractive valuation. Technical indicators suggest a bullish trend, while strong earnings guidance and shareholder returns enhance the outlook. However, cash flow volatility remains a concern.
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, providing a wide range of banking and financial products primarily in the UK. The company focuses on personal and business banking, commercial and private banking, and wealth management services.
Average Trading Volume: 29,663,588
Technical Sentiment Signal: Buy
Current Market Cap: £41.62B
See more insights into NWG stock on TipRanks’ Stock Analysis page.