Pebble Group Announces Share Buyback and Cancellation

Pebble Group PLC ( (GB:PEBB) ) has issued an announcement.

Pebble Group PLC, a company involved in a share buyback program, announced the repurchase of 142,000 of its ordinary shares at a price of 0.338 GBP per share. The company plans to cancel these shares, which will result in a total of 159,666,131 shares in issue, each with one voting right. This move is part of its amended share buyback programme and impacts the total voting rights available, providing shareholders with a new denominator for calculating their interests under the FCA’s rules.

The most recent analyst rating on (GB:PEBB) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Pebble Group PLC stock, see the GB:PEBB Stock Forecast page.

Spark’s Take on GB:PEBB Stock

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

Pebble Group PLC’s overall score is driven primarily by its strong financial stability and attractive valuation. However, bearish technical indicators suggest potential challenges in the short term. Corporate events such as share buybacks and insider purchases provide a positive signal, indicating confidence in the company’s future performance.

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

More about Pebble Group PLC

Average Trading Volume: 332,458

Technical Sentiment Signal: Sell

Current Market Cap: £54.18M

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