GB Group plc Executes Share Buyback, Cancels Over 105,000 Shares

GB Group plc ( (GB:GBG) ) just unveiled an update.

GB Group plc, a company involved in identity data intelligence, announced the purchase of 105,137 of its own ordinary shares as part of a share buyback program. The shares were bought at prices ranging from 272.50 GBp to 278.00 GBp and will be canceled, reducing the total number of shares in issue to 248,921,291. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:GBG) stock is a Buy with a £3.50 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 of 57 reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The company’s strong cash flow and balance sheet stability are key strengths, but challenges in profitability and technical market conditions weigh on the score. Recent corporate events signal strategic optimism, offering some positive outlook despite current market challenges.

To see Spark’s full report on GB:GBG stock, click here.

More about GB Group plc

Average Trading Volume: 1,108,972

Technical Sentiment Signal: Sell

Current Market Cap: £677.5M

Learn more about GBG stock on TipRanks’ Stock Analysis page.