Pebble Group Executes Share Buyback and Cancellation

The latest update is out from Pebble Group PLC ( (GB:PEBB) ).

The Pebble Group PLC has announced a transaction involving the repurchase of 139,847 of its ordinary shares at a price of 0.337 GBP per share as part of its amended share buyback programme. This move, executed through its corporate broker Panmure Liberum, will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 159,808,131, which may impact shareholder voting rights and interest notifications.

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: 330,619

Technical Sentiment Signal: Sell

Current Market Cap: £54.27M

For detailed information about PEBB stock, go to TipRanks’ Stock Analysis page.