Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
NatWest Group ( (GB:NWG) ) has provided an update.
NatWest Group plc has executed a share buyback transaction, purchasing 514,391 ordinary shares at an average price of 523.29 GBp per share from Merrill Lynch International. This move is part of the company’s ongoing share buyback program, aiming to enhance shareholder value by reducing the number of shares in circulation, with the repurchased shares intended for cancellation.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £6.20 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 providing services such as personal and business banking, insurance, and wealth management, catering to a diverse market including individuals, businesses, and institutions.
Average Trading Volume: 24,081,023
Technical Sentiment Signal: Buy
Current Market Cap: £41.2B
For a thorough assessment of NWG stock, go to TipRanks’ Stock Analysis page.