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GB Group plc ( (GB:GBG) ) has issued an announcement.
GB Group plc, a company involved in identity data intelligence solutions, announced the purchase and cancellation of 150,000 of its Ordinary Shares as part of its share buyback programme. This transaction, executed through Deutsche Numis, was completed at a volume-weighted average price of 277.3224 GBp per share. Following this buyback, the total number of Ordinary Shares in issue is now 251,274,828, with no shares held in treasury. This move is part of the company’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:GBG) stock is a Buy with a £4.55 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 of 57 reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The company’s strong cash flow and balance sheet stability are key strengths, but challenges in profitability and technical market conditions weigh on the score. Recent corporate events signal strategic optimism, offering some positive outlook despite current market challenges.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,062,966
Technical Sentiment Signal: Sell
Current Market Cap: £691.9M
See more data about GBG stock on TipRanks’ Stock Analysis page.