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An update from Hollywood Bowl ( (GB:BOWL) ) is now available.
Hollywood Bowl Group plc announced the purchase of 52,855 of its own ordinary shares at a weighted average price of 248.9065 pence per share, with the intention to cancel these shares. This move is part of a buyback program, which may positively impact the company’s stock value and demonstrate confidence in its financial health, potentially benefiting shareholders.
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 strong financial performance and positive corporate events contribute significantly to the overall score. While technical indicators show a bearish trend, the company’s strategic initiatives and fair valuation support a favorable outlook.
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 through its bowling centers.
Average Trading Volume: 1,132,130
Technical Sentiment Signal: Hold
Current Market Cap: £415.4M
Learn more about BOWL stock on TipRanks’ Stock Analysis page.