Analysts from Goldman Sachs named the European stocks they predict will announce significant buybacks until 2024 — which they say will present substantial upside to their share prices. Companies buy shares back from investors for several reasons, such as having a strong balance sheet and making valuations more attractive, Goldman's analysts highlighted in a Sept. 7 note.
8% the analysts noted that buybacks still "meaningfully trail" the 3% gross yield in the United States. Stocks with massive upside potential On its list of "companies forecast to execute buybacks over 2022-24," Goldman Sachs included financial players NatWest Group , Lloyds Banking Group , Barclays and BAWAG Group . NatWest Group is expected to have a share reduction of 18% between 2022 and 2024. Even so, the stock is buy-rated by Goldman Sachs and is on its conviction list.