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Hollywood Bowl ( (GB:BOWL) ) has issued an announcement.
Hollywood Bowl Group plc announced the purchase of 35,952 of its own ordinary shares at prices ranging from 245.00 to 249.50 pence per share, with a weighted average price of 247.6410 pence. The company plans to cancel these shares, which is part of its ongoing buyback program, potentially impacting its share value and signaling confidence in its financial health.
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 Group shows a stable financial performance with growth in revenues and manageable debt. Corporate events such as share buybacks and insider purchases boost the score significantly, indicating confidence and potential for shareholder value enhancement. Despite some technical weaknesses, the valuation remains attractive.
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: 1,166,629
Technical Sentiment Signal: Hold
Current Market Cap: £414.1M
For an in-depth examination of BOWL stock, go to TipRanks’ Overview page.