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GB Group plc ( (GB:GBG) ) has shared an update.
GB Group plc, a company involved in identity data intelligence, announced the purchase of 250,000 of its own ordinary shares as part of its share buyback program. The shares were acquired at prices ranging from 232.50 GBp to 235.00 GBp and will be cancelled, reducing the total number of shares in issue to 240,186,921. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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: 2,833,774
Technical Sentiment Signal: Sell
Current Market Cap: £566M
For an in-depth examination of GBG stock, go to TipRanks’ Overview page.