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GB Group plc ( (GB:GBG) ) has issued an update.
GB Group plc, a company involved in identity data intelligence solutions, has executed a share buyback program, purchasing 100,000 of its ordinary shares at prices ranging from 224.50 GBp to 228.50 GBp. The shares will be canceled, reducing the total number of shares in issue to 246,556,340, which impacts the company’s total voting rights and may affect shareholder notifications under regulatory guidelines.
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: 1,501,130
Technical Sentiment Signal: Sell
Current Market Cap: £562M
Find detailed analytics on GBG stock on TipRanks’ Stock Analysis page.