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GB Group plc ( (GB:GBG) ) just unveiled an announcement.
GB Group plc has executed a share buyback program, purchasing 225,000 of its ordinary shares through Deutsche Numis, with prices ranging from 237.00 GBp to 245.00 GBp per share. This move reduces the total number of shares in circulation to 243,010,721, potentially impacting shareholder voting rights and market perception of the company’s stock value.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £265.00 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: 2,677,137
Technical Sentiment Signal: Sell
Current Market Cap: £578M
See more insights into GBG stock on TipRanks’ Stock Analysis page.