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The latest update is out from GB Group plc ( (GB:GBG) ).
GB Group plc, a company involved in identity data intelligence, announced the purchase and cancellation of 75,000 of its Ordinary Shares as part of its ongoing share buyback programme. This transaction, executed through Deutsche Numis, reduces the total number of shares in issue to 247,075,027, which impacts the company’s voting rights and shareholder interest calculations.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £223.00 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 56 reflects a mixed outlook for GB Group plc. The company’s strong financial performance, particularly in cash flow and profitability improvements, is a positive factor. However, technical indicators suggest a bearish trend, and the high P/E ratio raises concerns about overvaluation. The lack of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,386,573
Technical Sentiment Signal: Sell
Current Market Cap: £528.4M
See more insights into GBG stock on TipRanks’ Stock Analysis page.