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Experian Cancels 224,000 Shares in Latest Buyback Move

Story Highlights
  • Experian repurchased 224,000 London-listed shares under its ongoing buyback programme.
  • The shares will be cancelled, trimming the share count and potentially lifting earnings per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Experian Cancels 224,000 Shares in Latest Buyback Move

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The latest update is out from Experian ( (GB:EXPN) ).

Experian has executed a share buyback on the London Stock Exchange as part of its previously announced repurchase programme, acquiring 224,000 ordinary shares at prices between 2,767.0 pence and 2,840.0 pence, with a weighted average price of 2,799.0738 pence. The purchased shares will be cancelled, reducing the company’s share count and potentially enhancing earnings per share, with further transactions under the programme to be disclosed weekly on its website.

The most recent analyst rating on (GB:EXPN) stock is a Hold with a £3052.00 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 earnings call sentiment are the most significant factors driving the stock score. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The company’s proactive share repurchase program positively impacts shareholder value.

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

More about Experian

Experian is a global data and technology company that uses data, analytics and software to support lending, fraud prevention, healthcare administration, digital marketing and automotive market insights. Listed on the London Stock Exchange and a member of the FTSE 100, it operates across financial services, healthcare, automotive, agrifinance and insurance, employing over 25,000 people in 33 countries from its Dublin headquarters.

Average Trading Volume: 4,259,994

Technical Sentiment Signal: Hold

Current Market Cap: £25.07B

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

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