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An update from GB Group plc ( (GB:GBG) ) is now available.
GB Group plc, a company involved in identity data intelligence, announced the purchase of 75,000 of its own ordinary shares as part of a previously announced share buyback programme. The shares were purchased at prices ranging from 225.50 GBp to 231.50 GBp and will be cancelled, reducing the total number of shares in issue to 246,481,790. This move is part of the company’s strategy to manage its capital structure and may impact shareholder voting rights as the total voting rights will now reflect the reduced number of shares.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £240.00 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 is driven primarily by its strong financial performance, particularly in cash flow and profitability improvements. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation, which tempers the overall score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,496,083
Technical Sentiment Signal: Sell
Current Market Cap: £553M
For a thorough assessment of GBG stock, go to TipRanks’ Stock Analysis page.