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The latest announcement is out from GB Group plc ( (GB:GBG) ).
GB Group plc has executed a share buyback, purchasing 50,000 of its ordinary shares at prices ranging from 211.50 GBp to 214.50 GBp, with an average price of 213.2430 GBp. These shares will be cancelled, reducing the total number of shares in issue to 247,845,111, which will affect the total voting rights and may impact 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, providing identity verification and fraud prevention solutions. The company focuses on offering services that help businesses manage and verify customer identities, ensuring compliance and reducing fraud risks.
Average Trading Volume: 1,165,957
Technical Sentiment Signal: Sell
Current Market Cap: £551.1M
Learn more about GBG stock on TipRanks’ Stock Analysis page.