Gamma Communications Enhances Shareholder Value with Share Buyback

Gamma Communications ( (GB:GAMA) ) has provided an update.

Gamma Communications PLC has announced the purchase of 12,500 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a strategy to manage the company’s share capital and potentially enhance shareholder value. Following this purchase, Gamma has acquired a total of 2,804,000 shares since the program’s inception, with 94,696,389 ordinary shares now in issue and 1,666,123 shares held in treasury. The buyback program impacts the company’s total voting rights, which now stand at 93,030,266, a figure relevant for shareholders under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:GAMA) stock is a Buy with a £21.50 price target. To see the full list of analyst forecasts on Gamma Communications stock, see the GB:GAMA Stock Forecast page.

Spark’s Take on GB:GAMA Stock

According to Spark, TipRanks’ AI Analyst, GB:GAMA is a Outperform.

Gamma Communications’ strong financial performance and strategic corporate actions, like share buybacks, are key strengths. However, the current technical indicators suggest bearish sentiment, impacting the overall stock score.

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

More about Gamma Communications

Gamma Communications PLC operates in the telecommunications industry, providing a range of communication services and products. The company focuses on delivering unified communications solutions to businesses, enhancing their connectivity and communication capabilities.

Average Trading Volume: 845,136

Technical Sentiment Signal: Sell

Current Market Cap: £1.07B

Find detailed analytics on GAMA stock on TipRanks’ Stock Analysis page.