Pebble Group Executes Share Buyback, Reduces Voting Shares

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

Pebble Group PLC announced the repurchase of 50,000 of its ordinary shares as part of its amended share buyback programme. The shares were bought at a price of 0.340 GBP each and will be cancelled, reducing the total number of voting shares to 160,081,743. This move is part of the company’s strategy to manage its capital structure and could impact shareholder calculations regarding their interest in the company.

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: 332,798

Technical Sentiment Signal: Sell

Current Market Cap: £54.29M

See more insights into PEBB stock on TipRanks’ Stock Analysis page.