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The latest update is out from GB Group plc ( (GB:GBG) ).
GB Group plc has executed a share buyback program, purchasing 50,000 of its ordinary shares at prices ranging from 224.50 GBp to 230.00 GBp, with a volume-weighted average price of 227.3592 GBp. The purchased shares will be canceled, reducing the total number of shares in issue to 248,344,511, which will also be the total voting rights. 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 £3.90 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 for GB Group plc is primarily influenced by its strong financial performance and strategic share buybacks, which enhance shareholder value. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. These factors collectively result in a moderate stock score.
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 solutions that help organizations manage and verify personal information. The company focuses on identity verification, location intelligence, and fraud prevention services, catering to various sectors including financial services, retail, and government.
Average Trading Volume: 1,303,191
Technical Sentiment Signal: Sell
Current Market Cap: £553.7M
Learn more about GBG stock on TipRanks’ Stock Analysis page.