GB Group plc Executes Share Buyback, Cancels 150,000 Shares

GB Group plc ( (GB:GBG) ) has provided an update.

GB Group plc, a company engaged in identity data intelligence, has announced the purchase and cancellation of 150,000 of its own ordinary shares as part of its share buyback program. This move reduces the total number of shares in circulation to 249,026,428, potentially impacting shareholder calculations regarding their interests in the company.

The most recent analyst rating on (GB:GBG) stock is a Buy with a £3.25 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: 1,103,929

Technical Sentiment Signal: Sell

Current Market Cap: £693.6M

For an in-depth examination of GBG stock, go to TipRanks’ Stock Analysis page.