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Hollywood Bowl ( (GB:BOWL) ) has shared an update.
Hollywood Bowl Group plc has announced the repurchase of 45,938 of its ordinary shares at prices ranging from 241.50 to 247.50 pence, with a weighted average price of 245.7073 pence. The company intends to cancel these shares, which is part of a buyback program aimed at optimizing its capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:BOWL) stock is a Buy with a £3.84 price target. To see the full list of analyst forecasts on Hollywood Bowl stock, see the GB:BOWL Stock Forecast page.
Spark’s Take on GB:BOWL Stock
According to Spark, TipRanks’ AI Analyst, GB:BOWL is a Outperform.
Hollywood Bowl’s overall stock score reflects its strong financial performance and proactive corporate events, including share buybacks and insider purchases. However, technical analysis shows bearish trends that could affect short-term performance. The valuation remains attractive with a decent P/E ratio and robust dividend yield.
To see Spark’s full report on GB:BOWL stock, click here.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment and leisure services through its bowling venues.
Average Trading Volume: 1,131,297
Technical Sentiment Signal: Hold
Current Market Cap: £406.2M
For a thorough assessment of BOWL stock, go to TipRanks’ Stock Analysis page.