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An update from GB Group plc ( (GB:GBG) ) is now available.
GB Group plc has executed a share buyback, purchasing 7,977 of its Ordinary Shares at prices ranging from 222.50 GBp to 223.00 GBp per share, as part of its ongoing Share Buyback Programme. The purchased shares will be cancelled, reducing the total number of shares in issue to 247,500,027, which will impact the company’s total voting rights and may influence shareholder calculations under regulatory guidelines.
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
GB Group plc operates in the technology sector, focusing on identity data intelligence solutions. The company provides services that help businesses verify and manage the identity and location of their customers, primarily targeting industries that require robust identity verification processes.
Average Trading Volume: 1,342,229
Technical Sentiment Signal: Sell
Current Market Cap: £544M
Learn more about GBG stock on TipRanks’ Stock Analysis page.