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GB Group plc ( (GB:GBG) ) has shared an announcement.
GB Group plc has executed a share buyback program, purchasing 10,291 of its Ordinary Shares at a fixed price of 250 GBp per share, through Deutsche Numis. The purchased shares will be cancelled, reducing the total number of shares in issue to 245,640,005. This move is part of the company’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £257.00 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 and positive cash flow trends, which indicate good financial health and potential for sustained growth. Technical analysis shows short-term bullish momentum, although longer-term resistance is present. The high P/E ratio suggests overvaluation, which is a significant risk factor. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,185,886
Technical Sentiment Signal: Sell
Current Market Cap: £629.1M
For a thorough assessment of GBG stock, go to TipRanks’ Stock Analysis page.