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Baltic Classifieds Group Plc ( (GB:BCG) ) just unveiled an announcement.
Baltic Classifieds Group PLC, a company involved in the classified advertising sector, announced the repurchase of 646,858 of its ordinary shares for cancellation at an average price of 196.1899 pence per share. This transaction, executed through Merrill Lynch International, reduces the total number of shares in issue to 474,448,031, which may impact shareholder voting rights and interest notifications under FCA rules.
The most recent analyst rating on (GB:BCG) stock is a Hold with a £191.00 price target. To see the full list of analyst forecasts on Baltic Classifieds Group Plc stock, see the GB:BCG Stock Forecast page.
Spark’s Take on GB:BCG Stock
According to Spark, TipRanks’ AI Analyst, GB:BCG is a Neutral.
Baltic Classifieds Group Plc’s overall stock score reflects strong financial performance and positive corporate events, offset by bearish technical indicators and a revised revenue forecast. The company’s robust profitability and strategic actions like share buybacks are significant strengths, but technical analysis suggests caution due to current market momentum.
To see Spark’s full report on GB:BCG stock, click here.
More about Baltic Classifieds Group Plc
Average Trading Volume: 3,200,966
Technical Sentiment Signal: Sell
Current Market Cap: £919.6M
Learn more about BCG stock on TipRanks’ Stock Analysis page.