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Pebble Group PLC ( (GB:PEBB) ) has provided an announcement.
Pebble Group PLC has announced the purchase of 89,000 of its own 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 160,494,229 shares in issue, which impacts the total voting rights and may influence shareholder notifications under FCA 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
Average Trading Volume: 290,771
Technical Sentiment Signal: Sell
Current Market Cap: £56.85M
See more data about PEBB stock on TipRanks’ Stock Analysis page.
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