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An update from GB Group plc ( (GB:GBG) ) is now available.
GB Group plc, a company engaged in identity data intelligence services, has executed a share buyback program, purchasing 250,000 of its ordinary shares through Deutsche Numis. The shares were acquired at prices ranging from 231.50 GBp to 239.50 GBp and will be cancelled, reducing the total number of shares in issue to 242,061,921. This action is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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: 2,750,709
Technical Sentiment Signal: Sell
Current Market Cap: £566.8M
See more insights into GBG stock on TipRanks’ Stock Analysis page.