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Experian ( (GB:EXPN) ) has shared an announcement.
Experian plc has announced the purchase of 19,000 of its own shares on the London Stock Exchange as part of its ongoing share repurchase program. This move, facilitated through J.P. Morgan Securities plc, reflects Experian’s strategy to manage its share capital and potentially enhance shareholder value. The shares will be held as treasury shares, bringing the total number of shares held in treasury to over 56 million. This repurchase is part of a broader program that has seen the acquisition of over 2.4 million shares, indicating Experian’s commitment to returning value to its shareholders.
The most recent analyst rating on (GB:EXPN) stock is a Buy with a £4600.00 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 primary drivers of its overall score. However, technical indicators suggest a bearish trend, and the stock’s high valuation limits its attractiveness. The company’s strategic focus on AI and growth in key regions provide a positive outlook, but current market conditions and valuation concerns temper the overall score.
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, and insurance. The company specializes in redefining lending practices, fraud prevention, digital marketing solutions, and automotive market insights through data, analytics, and software. Experian is a FTSE 100 company listed on the London Stock Exchange, with headquarters in Dublin, Ireland, and operates in 32 countries.
YTD Price Performance: -2.29%
Average Trading Volume: 2,380,685
Technical Sentiment Signal: Hold
Current Market Cap: £30.36B
See more insights into EXPN stock on TipRanks’ Stock Analysis page.