Pebble Group Executes Share Buyback, Reduces Share Count

Pebble Group PLC ( (GB:PEBB) ) has issued an announcement.

Pebble Group PLC has announced the repurchase of 109,338 of its ordinary shares as part of its amended share buyback program. The shares, purchased at a price of 0.353 GBP each, will be canceled, reducing the total number of shares in issue to 160,384,891, which may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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: 318,579

Technical Sentiment Signal: Sell

Current Market Cap: £56.81M

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