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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 and cancellation of 50,000 of its Ordinary Shares as part of its ongoing share buyback programme. This transaction reduces the total number of shares in issue to 248,594,511, which will 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 £3.90 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 is influenced primarily by strong financial performance and positive corporate events. The strategic share buybacks and solid financial health offset the mixed technical indicators and high valuation concerns. While the stock appears overvalued, the company’s strategic initiatives and robust cash flow provide a positive outlook.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,363,644
Technical Sentiment Signal: Sell
Current Market Cap: £562.3M
See more insights into GBG stock on TipRanks’ Stock Analysis page.