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GB Group plc ( (GB:GBG) ) has provided an announcement.
GB Group plc has executed a share buyback program, purchasing 50,000 of its ordinary shares at prices ranging from 217.50 GBp to 222.00 GBp, with an average price of 218.9036 GBp. The acquired shares will be cancelled, reducing the total number of shares in issue to 248,094,511, which will impact the company’s voting rights and shareholder calculations under regulatory guidelines.
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
GB Group plc operates in the technology industry, providing identity data intelligence solutions. The company focuses on offering services that help organizations manage and verify the identity of their customers, ensuring compliance and reducing fraud.
Average Trading Volume: 1,205,329
Technical Sentiment Signal: Sell
Current Market Cap: £546.7M
See more insights into GBG stock on TipRanks’ Stock Analysis page.