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An announcement from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced the purchase of 774,450 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at a volume-weighted average price of 550.47 GBp per share and will be canceled, reducing the total number of shares in issue, which can potentially increase shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £613.00 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 performance and positive technical indicators are the most significant factors driving the score. While the financial performance shows stability, cash flow volatility is a concern. The valuation suggests the stock is undervalued, and the attractive dividend yield adds to its appeal.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major financial services company operating primarily in the United Kingdom, offering a range of banking and financial products to individuals and businesses. It focuses on providing personal and commercial banking services, wealth management, and insurance solutions.
Average Trading Volume: 25,597,205
Technical Sentiment Signal: Buy
Current Market Cap: £43.88B
See more data about NWG stock on TipRanks’ Stock Analysis page.