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GB Group plc ( (GB:GBG) ) has shared an update.
GB Group plc, a company involved in identity data intelligence solutions, announced the purchase and cancellation of 125,000 of its Ordinary Shares as part of its ongoing share buyback program. This action reduces the total number of shares in issue to 247,375,027, potentially impacting shareholder voting rights and market perception by demonstrating the company’s confidence in its financial health and commitment to returning value to shareholders.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £235.00 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 primarily influenced by its strong financial performance, particularly in cash flow and profitability improvements. However, technical indicators suggest a bearish trend, and the high P/E ratio raises concerns about overvaluation. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,342,229
Technical Sentiment Signal: Sell
Current Market Cap: £544M
See more data about GBG stock on TipRanks’ Stock Analysis page.