Pebble Group Executes Share Buyback, Adjusts Voting Rights

Pebble Group PLC ( (GB:PEBB) ) has provided an update.

The Pebble Group PLC has executed a share buyback transaction, purchasing 130,000 of its ordinary shares at a price of 0.350 GBP each, as part of its amended share buyback programme. This move will result in the cancellation of the repurchased shares, adjusting the total voting rights to 160,131,743, which stakeholders can use to assess their interests in the company.

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 demonstrates strong financial stability and prudent debt management, which are significant strengths. However, the stock is currently facing bearish technical indicators, which impact its attractiveness. The company’s fair valuation and positive corporate actions, such as share buybacks, provide additional support to the score but are secondary to the technical weaknesses.

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

More about Pebble Group PLC

Average Trading Volume: 327,447

Technical Sentiment Signal: Sell

Current Market Cap: £57.58M

For an in-depth examination of PEBB stock, go to TipRanks’ Stock Analysis page.