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GB Group plc ( (GB:GBG) ) just unveiled an update.
GB Group plc, a company involved in identity data intelligence, has announced the purchase of 50,000 of its own ordinary shares as part of a share buyback program. The shares were purchased at prices ranging from 224.00 GBp to 226.50 GBp and will be canceled, reducing the total number of shares in issue to 248,394,511. This move is part of the company’s ongoing efforts to manage its capital structure and could impact shareholder voting rights and interests.
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 for GB Group plc is primarily influenced by its strong financial performance and strategic share buybacks, which enhance shareholder value. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. These factors collectively result in a moderate stock score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,303,191
Technical Sentiment Signal: Sell
Current Market Cap: £553.7M
For a thorough assessment of GBG stock, go to TipRanks’ Stock Analysis page.