Pebble Group Executes Share Buyback, Cancels Repurchased Shares

Pebble Group PLC ( (GB:PEBB) ) just unveiled an update.

The Pebble Group PLC has announced the repurchase of 81,069 of its ordinary shares at a price of 0.355 GBP per share as part of its amended share buyback programme. This transaction, executed through Panmure Liberum Limited, will result in the cancellation of the repurchased shares, leaving the company with 160,764,302 ordinary shares in issue, each with one voting right, which may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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

YTD Price Performance: -21.98%

Average Trading Volume: 293,006

Technical Sentiment Signal: Buy

Current Market Cap: £56.94M

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