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An update from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced the purchase of 834,401 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, aims to cancel the repurchased shares, impacting the company’s share capital structure by holding 230,155,278 shares in treasury and having 8,011,219,497 shares in issue.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.65 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 operates in the financial services industry, primarily offering banking and financial products. It focuses on providing a wide range of services including personal and business banking, insurance, and wealth management solutions.
Average Trading Volume: 22,537,269
Technical Sentiment Signal: Buy
Current Market Cap: £50.55B
For detailed information about NWG stock, go to TipRanks’ Stock Analysis page.