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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
NatWest Group ( (GB:NWG) ) has shared an update.
NatWest Group has successfully completed the sale of its entire shareholding in Permanent TSB Group Holdings PLC, amounting to approximately 11.7% of PTSB’s issued ordinary capital, through an accelerated book building process. The transaction, which raised approximately €126 million, will have an immaterial impact on NatWest’s capital metrics, and the Irish Minister for Finance has agreed not to sell any shares in PTSB for 90 days following the completion of the sale.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 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 bolstered by strong valuation metrics and positive corporate events. Earnings call insights further enhance the outlook with strong performance. However, financial performance is tempered by cash flow volatility, and technical analysis shows mixed signals.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc is a major banking and financial services organization based in the United Kingdom. It provides a wide range of services including personal and business banking, insurance, and wealth management. The company primarily focuses on serving customers in the UK and Ireland, positioning itself as a key player in the financial industry.
Average Trading Volume: 32,088,898
Technical Sentiment Signal: Buy
Current Market Cap: £39.75B
Find detailed analytics on NWG stock on TipRanks’ Stock Analysis page.