Pebble Group Executes Share Buyback Programme

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

Pebble Group PLC has executed a share buyback transaction, purchasing 123,148 of its ordinary shares at a price of 0.356 GBP per share. This move is part of the company’s amended share buyback programme, with the intention to cancel all repurchased shares, resulting in a total of 160,261,743 shares in issue, each carrying one voting right.

The most recent analyst rating on (GB:PEBB) stock is a Buy with a £100.00 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: 325,239

Technical Sentiment Signal: Sell

Current Market Cap: £56.81M

Find detailed analytics on PEBB stock on TipRanks’ Stock Analysis page.