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GB Group plc ( (GB:GBG) ) just unveiled an announcement.
GB Group plc, a company involved in identity verification and data intelligence, has announced the purchase and cancellation of 49,294 of its own ordinary shares as part of its share buyback program. This transaction, conducted through Deutsche Bank AG, London Branch, reduces the total number of shares in issue to 238,856,403, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £258.00 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 reflects a cautiously optimistic outlook driven by strong financial performance and strategic initiatives, particularly in the Americas and the launch of the GBG Go platform. However, the high P/E ratio suggests overvaluation, and technical indicators show neutral momentum. Challenges in the Identity segment and legacy platform retirement also weigh on the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,817,894
Technical Sentiment Signal: Sell
Current Market Cap: £609.4M
See more data about GBG stock on TipRanks’ Stock Analysis page.