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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 250,000 of its own ordinary shares as part of a previously announced share buyback program. This transaction, executed through Deutsche Numis, resulted in the cancellation of the purchased shares, leaving the company with a total of 240,436,921 ordinary shares in issue. The move is part of the company’s strategy to manage its share capital and could impact shareholder calculations regarding their interests in the company.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £253.00 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.
The overall stock score of 62 reflects a positive financial performance with strong cash flow and improved profitability. However, the high P/E ratio suggests potential overvaluation, and technical indicators show mixed signals. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,823,492
Technical Sentiment Signal: Sell
Current Market Cap: £566M
See more insights into GBG stock on TipRanks’ Stock Analysis page.