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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group plc has executed a share buyback transaction, purchasing 926,167 ordinary shares at an average price of 537.12 GBp per share from Merrill Lynch International. This move is part of the company’s ongoing share buyback program, and the repurchased shares will be canceled, impacting the total number of shares in issue and potentially affecting shareholder value.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £6.32 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 operates in the financial services industry, primarily offering banking and financial products. The company focuses on serving individual and corporate clients in the UK and internationally.
Average Trading Volume: 24,978,674
Technical Sentiment Signal: Buy
Current Market Cap: £45.05B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.