Experian Advances Share Repurchase Program with Latest Acquisition

Experian ( (GB:EXPN) ) has issued an update.

Experian PLC has announced the purchase of 100,119 of its ordinary shares as part of its ongoing share repurchase program. The shares, acquired at prices ranging from 3,791 to 3,832 pence, will be held as treasury shares, bringing the total number of treasury shares to 55,121,872. This move is part of Experian’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:EXPN) stock is a Buy with a £45.00 price target. To see the full list of analyst forecasts on Experian stock, see the GB:EXPN Stock Forecast page.

Spark’s Take on GB:EXPN Stock

According to Spark, TipRanks’ AI Analyst, GB:EXPN is a Neutral.

Experian’s strong financial performance is the most significant factor, showcasing robust revenue growth and efficient cash flow management. However, technical indicators suggest short-term bearish momentum, and the high P/E ratio indicates potential overvaluation. The share repurchase program positively impacts shareholder value, balancing some of the valuation concerns.

To see Spark’s full report on GB:EXPN stock, click here.

More about Experian

Experian is a global data and technology company that provides services across various industries, including financial services, healthcare, automotive, agrifinance, and insurance. The company specializes in redefining lending practices, fraud prevention, digital marketing solutions, and delivering insights into the automotive market using data, analytics, and software. As a FTSE 100 Index company, Experian is listed on the London Stock Exchange and operates in 32 countries with its headquarters in Dublin, Ireland.

YTD Price Performance: 11.76%

Average Trading Volume: 1,659,221

Technical Sentiment Signal: Strong Buy

Current Market Cap: £34.75B

See more data about EXPN stock on TipRanks’ Stock Analysis page.