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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc has announced the purchase of 855,069 of its own ordinary shares as part of its ongoing share buyback program. The repurchased shares, acquired at an average price of 623.54 GBp, will be cancelled, reducing the total number of shares in circulation and potentially enhancing shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Hold with a £685.00 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 strong earnings call and attractive valuation are the most significant factors driving the score. Technical analysis supports a bullish outlook, while financial performance is stable but impacted by cash flow volatility.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major British banking and financial services company, primarily offering retail and commercial banking services. It focuses on providing financial solutions to individuals, small businesses, and large corporations, with a significant presence in the UK and Ireland.
Average Trading Volume: 22,346,969
Technical Sentiment Signal: Buy
Current Market Cap: £50.06B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.