GB Group plc Executes Share Buyback, Reduces Share Count

GB Group plc ( (GB:GBG) ) just unveiled an announcement.

GB Group plc has executed a share buyback transaction, purchasing 150,000 of its ordinary shares at prices ranging from 275.50 GBp to 277.50 GBp. This move is part of its previously announced share buyback program. The purchased shares will be cancelled, reducing the total number of shares in circulation to 249,625,828, which may impact shareholder voting rights and interest calculations.

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 technology sector, providing identity data intelligence solutions. The company focuses on offering services that help organizations validate and verify the identity and location of their customers, primarily serving markets that require robust identity verification processes.

Average Trading Volume: 1,100,132

Technical Sentiment Signal: Sell

Current Market Cap: £684.5M

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