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An announcement from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced the purchase of 1,928,995 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 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 financial performance and attractive valuation are key strengths, supported by positive technical indicators and corporate actions like share buybacks. While cash flow volatility and impairment charges present some risks, the overall outlook remains positive.
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 a range of services including personal and business banking, wealth management, and insurance solutions.
Average Trading Volume: 26,373,897
Technical Sentiment Signal: Buy
Current Market Cap: £43.04B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.