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Experian ( (GB:EXPN) ) just unveiled an announcement.
Experian PLC has announced a share repurchase program, purchasing 49,920 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities plc. The shares will be held as treasury shares, with the company now holding a total of 53,967,801 shares in treasury. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The total number of shares in issue, excluding treasury shares, stands at 919,022,882. This initiative reflects Experian’s ongoing efforts to optimize its financial operations and maintain a strong market position.
The most recent analyst rating on (GB:EXPN) stock is a Buy with a £42.00 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 Outperform.
Experian’s strong financial performance and positive corporate events are notable strengths, contributing significantly to its stock score. The technical analysis shows moderate bullish signs, though the valuation remains on the higher side, suggesting limited immediate upside. Overall, Experian is well-positioned for growth, but investors should be aware of its high valuation.
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 a range of industries, including financial services, healthcare, automotive, agrifinance, and insurance. The company specializes in redefining lending practices, fraud prevention, digital marketing solutions, and providing insights into the automotive market through its data, analytics, and software. Experian is a FTSE 100 Index company listed on the London Stock Exchange, with headquarters in Dublin, Ireland, and a workforce of 23,300 people across 32 countries.
Average Trading Volume: 1,639,422
Technical Sentiment Signal: Strong Buy
Current Market Cap: £34.82B
Learn more about EXPN stock on TipRanks’ Stock Analysis page.