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The latest announcement is out from NatWest Group ( (GB:NWG) ).
NatWest Group plc has announced the purchase of 917,778 of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Merrill Lynch International, is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and benefiting shareholders. The company plans to cancel the repurchased shares, which will leave it with over 8 billion shares in issue, excluding treasury shares.
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 prominent financial services company operating primarily in the banking sector. It offers a range of services including personal and business banking, wealth management, and insurance solutions, focusing on the UK and Ireland markets.
Average Trading Volume: 23,072,221
Technical Sentiment Signal: Buy
Current Market Cap: £48.13B
Find detailed analytics on NWG stock on TipRanks’ Stock Analysis page.