NatWest Repurchases and Cancels 821,613 Shares Under Ongoing Buyback Programme

NatWest Group ( (GB:NWG) ) has shared an update.

NatWest Group has repurchased 821,613 ordinary shares on 23 January 2026 from Merrill Lynch International as part of its existing share buyback programme, paying a volume-weighted average price of 649.75p per share. The bank intends to cancel the repurchased shares, which will leave it holding 219,045,601 shares in treasury and 7,993,185,822 ordinary shares in issue, a move that is expected to enhance capital efficiency and potentially support earnings per share and shareholder value by reducing the free-float share count.

The most recent analyst rating on (GB:NWG) stock is a Buy with a £734.00 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 is a major UK-based banking and financial services institution, offering retail, commercial and corporate banking products and services, with its shares listed on the London Stock Exchange.

Average Trading Volume: 20,477,727

Technical Sentiment Signal: Buy

Current Market Cap: £52.05B

For an in-depth examination of NWG stock, go to TipRanks’ Overview page.