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NatWest Group ( (GB:NWG) ) has issued an announcement.
NatWest Group plc has executed a share buyback transaction, purchasing 865,257 ordinary shares at a volume-weighted average price of 618.21 GBp per share. This move is part of the company’s ongoing share buyback program, with the intention to cancel the repurchased shares, potentially impacting the company’s stock value and shareholder equity.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £695.00 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 technical indicators and attractive valuation metrics. The company’s robust earnings call and positive corporate events further bolster its position. However, cash flow volatility remains a concern that slightly tempers the overall score.
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 and services. The company focuses on serving personal, business, and commercial customers, with a strong presence in the UK market.
Average Trading Volume: 22,550,914
Technical Sentiment Signal: Buy
Current Market Cap: £49.52B
See more insights into NWG stock on TipRanks’ Stock Analysis page.