GB Group plc Executes Share Buyback, Reduces Share Count

GB Group plc ( (GB:GBG) ) has issued an announcement.

GB Group plc has announced the purchase and subsequent cancellation of 150,000 of its Ordinary 2.5p Shares as part of its ongoing share buyback programme. The shares were acquired at prices ranging from 272.50 GBp to 280.50 GBp. Following this transaction, the total number of shares in issue is reduced to 249,326,428, which will impact the voting rights and shareholding calculations for stakeholders.

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

Average Trading Volume: 1,100,765

Technical Sentiment Signal: Sell

Current Market Cap: £677.9M

For an in-depth examination of GBG stock, go to TipRanks’ Stock Analysis page.