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GB Group plc ( (GB:GBG) ) has issued an announcement.
GB Group plc, a company involved in identity data intelligence solutions, announced the purchase and cancellation of 50,000 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Deutsche Bank AG, London Branch, was carried out at a volume-weighted average price of 246.4294 GBp per share. Following this transaction, the total number of shares in issue stands at 238,344,070, impacting the company’s total voting rights and potentially influencing shareholder calculations under regulatory guidelines.
The most recent analyst rating on (GB:GBG) stock is a Buy with a £273.00 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 Outperform.
GB Group plc’s overall stock score reflects a combination of strong financial performance and strategic corporate actions, such as share buybacks and market listing upgrades, which enhance shareholder value. However, high valuation metrics and mixed technical indicators suggest caution. The company’s strategic initiatives and financial improvements provide a positive outlook, but challenges in certain segments and high P/E ratio temper the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,704,271
Technical Sentiment Signal: Sell
Current Market Cap: £582.1M
For an in-depth examination of GBG stock, go to TipRanks’ Overview page.