IP Group Announces Share Buyback and Cancellation

IP Group plc ( (GB:IPO) ) has provided an update.

IP Group plc, a company listed on the London Stock Exchange, has announced the repurchase of 500,000 ordinary shares as part of its extended share buyback program. The repurchased shares will be canceled, reducing the total number of shares in issue to 923,632,336, which may affect shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:IPO) stock is a Buy with a £126.00 price target. To see the full list of analyst forecasts on IP Group plc stock, see the GB:IPO Stock Forecast page.

Spark’s Take on GB:IPO Stock

According to Spark, TipRanks’ AI Analyst, GB:IPO is a Neutral.

IP Group plc’s stock score is primarily constrained by weak financial performance, characterized by persistent losses and negative cash flows, impacting profitability and stability. Technical analysis provides some short-term support, but the long-term outlook remains bearish. Valuation metrics are unattractive due to negative earnings, although the share buyback program offers a positive element, reflecting management’s proactive approach to enhancing shareholder value.

To see Spark’s full report on GB:IPO stock, click here.

More about IP Group plc

Average Trading Volume: 3,205,213

Technical Sentiment Signal: Hold

Current Market Cap: £443.9M

See more data about IPO stock on TipRanks’ Stock Analysis page.