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An announcement from GB Group plc ( (GB:GBG) ) is now available.
GB Group plc, a company involved in identity data intelligence, has executed a share buyback program, purchasing 50,000 of its Ordinary Shares at prices ranging from 218.00 GBp to 221.50 GBp. The shares will be canceled, reducing the total number of shares in issue to 248,144,511, which will impact the total voting rights and shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:GBG) stock is a Buy with a £3.90 price target. To see the full list of analyst forecasts on GB Group plc stock, see the GB:GBG Stock Forecast page.
Spark’s Take on GB:GBG Stock
According to Spark, TipRanks’ AI Analyst, GB:GBG is a Neutral.
GB Group plc’s overall stock score reflects a mix of strong financial performance and positive corporate events, counterbalanced by bearish technical indicators and a high valuation. The company’s robust cash flow and strategic share buyback initiatives are significant positives, but the current technical weakness and high P/E ratio present challenges.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,205,329
Technical Sentiment Signal: Sell
Current Market Cap: £546.7M
For an in-depth examination of GBG stock, go to TipRanks’ Overview page.