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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc has announced the purchase of 882,700 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is intended to reduce the number of shares in circulation by canceling the repurchased shares, which could potentially enhance shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 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 driven by strong earnings call performance and favorable valuation metrics. The company’s stable financial position and positive technical indicators further support the score, despite some challenges in cash flow management.
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 offers a wide range of services including personal and business banking, wealth management, and insurance. The company primarily focuses on serving customers in the UK and Ireland.
Average Trading Volume: 22,864,788
Technical Sentiment Signal: Buy
Current Market Cap: £48.13B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.