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An announcement from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced the purchase of 880,354 of its own ordinary shares as part of its ongoing share buyback program. These shares, bought from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £720.00 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 operates in the financial services industry, primarily offering banking and financial products. The company focuses on providing services such as personal and business banking, including loans, mortgages, and investment services, primarily in the UK and Ireland.
Average Trading Volume: 23,004,761
Technical Sentiment Signal: Buy
Current Market Cap: £46.68B
Learn more about NWG stock on TipRanks’ Stock Analysis page.