GB Group plc Executes Share Buyback Program

An update from GB Group plc ( (GB:GBG) ) is now available.

GB Group plc has executed a share buyback program, purchasing 150,000 of its ordinary shares at prices ranging from 271.50 GBp to 277.00 GBp, with an average price of 274.5996 GBp. The purchased shares will be canceled, reducing the total number of shares in issue to 249,925,828. 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

GB Group plc operates in the identity data intelligence industry, providing services that help organizations validate and verify the identity and location of their customers. The company focuses on offering solutions for fraud prevention, identity verification, and compliance management across various sectors.

Average Trading Volume: 1,116,042

Technical Sentiment Signal: Sell

Current Market Cap: £684.5M

See more insights into GBG stock on TipRanks’ Stock Analysis page.