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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc has announced the repurchase of 742,453 of its 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 and potentially increasing the value of remaining shares. This move is part of the company’s strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £570.00 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 Neutral.
NatWest Group’s strong earnings call and attractive valuation are significant positives, indicating robust financial health and strategic progress. However, technical analysis shows mixed signals, and 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 is a major banking and financial services institution in the UK, offering a wide range of services including personal and business banking, wealth management, and insurance. The company focuses on serving individual customers, small and medium-sized enterprises, and large corporations.
Average Trading Volume: 23,279,216
Technical Sentiment Signal: Buy
Current Market Cap: £43.84B
See more insights into NWG stock on TipRanks’ Stock Analysis page.