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GB Group plc ( (GB:GBG) ) just unveiled an announcement.
GB Group plc, a company involved in identity data intelligence, announced the purchase and cancellation of 50,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Deutsche Numis, adjusts the total number of issued shares to 247,944,511, impacting the company’s total voting rights and potentially affecting shareholder calculations under FCA rules.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £238.00 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.
GB Group plc’s overall stock score is driven primarily by its strong financial performance, particularly in cash flow and profitability improvements. However, technical analysis indicates bearish trends, and the high P/E ratio suggests overvaluation, limiting upside potential. Corporate events, including share buybacks and strategic market transitions, positively impact the score by enhancing shareholder value and market positioning.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,171,114
Technical Sentiment Signal: Sell
Current Market Cap: £540.1M
See more insights into GBG stock on TipRanks’ Stock Analysis page.