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GB Group plc ( (GB:GBG) ) has provided an update.
GB Group plc, a company involved in identity data intelligence, announced a transaction involving the repurchase of 250,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were purchased at prices ranging from 232.00 GBp to 239.50 GBp and will be cancelled, reducing the total number of shares in issue to 241,811,921. 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 Hold with a £253.00 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.
The overall stock score of 62 reflects a positive financial performance with strong cash flow and improved profitability. However, the high P/E ratio suggests potential overvaluation, and technical indicators show mixed signals. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,755,441
Technical Sentiment Signal: Sell
Current Market Cap: £578.3M
Learn more about GBG stock on TipRanks’ Stock Analysis page.