GB Group plc Announces Share Buyback and Cancellation

GB Group plc ( (GB:GBG) ) has shared an update.

GB Group plc, a company engaged in identity data intelligence solutions, announced the repurchase of 150,000 of its Ordinary 2.5p Shares as part of its ongoing share buyback programme. The shares were purchased at prices ranging from 272.50 GBp to 277.50 GBp and will be cancelled, reducing the total number of shares in issue to 249,775,828. This move is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.

The most recent analyst rating on (GB:GBG) stock is a Buy with a £3.50 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 of 57 reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The company’s strong cash flow and balance sheet stability are key strengths, but challenges in profitability and technical market conditions weigh on the score. Recent corporate events signal strategic optimism, offering some positive outlook despite current market challenges.

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

More about GB Group plc

Average Trading Volume: 1,116,042

Technical Sentiment Signal: Sell

Current Market Cap: £684.5M

See more insights into GBG stock on TipRanks’ Stock Analysis page.