Pebble Group Executes Share Buyback, Cancels 87,000 Shares

An announcement from Pebble Group PLC ( (GB:PEBB) ) is now available.

Pebble Group PLC has executed a share buyback transaction, purchasing 87,000 of its ordinary shares at a price of 0.358 GBP per share, as part of its amended share buyback program. The repurchased shares will be cancelled, reducing the total number of shares in issue to 160,677,302, which will impact the voting rights and shareholding calculations for stakeholders.

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

Pebble Group PLC operates in the promotional products industry, offering a range of services and solutions to enhance brand engagement and marketing efforts. The company focuses on providing innovative and effective promotional merchandise to businesses, helping them to connect with their target audiences.

Average Trading Volume: 293,006

Technical Sentiment Signal: Sell

Current Market Cap: £56.94M

Learn more about PEBB stock on TipRanks’ Stock Analysis page.