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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 of 125,000 of its own ordinary shares as part of a share buyback program. The shares, purchased at prices ranging from 234.50 GBp to 239.50 GBp, will be cancelled, reducing the total number of shares in issue to 244,435,121. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £252.00 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 supported by its strong financial performance, particularly in cash flow and profitability improvements. However, technical analysis presents mixed signals, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,436,546
Technical Sentiment Signal: Sell
Current Market Cap: £580M
Find detailed analytics on GBG stock on TipRanks’ Stock Analysis page.