TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
GB Group plc ( (GB:GBG) ) has issued an announcement.
GB Group plc, a company involved in identity data intelligence solutions, has executed a share buyback program, purchasing 250,000 of its ordinary shares at prices ranging from 235.50 to 239.00 GBp per share. This move is part of a strategic initiative to manage its capital structure, resulting in a total of 240,686,921 shares remaining in issue, which may affect shareholder voting rights and interest calculations.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £253.00 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.
The overall stock score of 62 reflects a positive financial performance with strong cash flow and improved profitability. However, the high P/E ratio suggests potential overvaluation, and technical indicators show mixed signals. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,803,017
Technical Sentiment Signal: Sell
Current Market Cap: £568.3M
Learn more about GBG stock on TipRanks’ Stock Analysis page.