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Pollen Street Group Limited ( (GB:POLN) ) has shared an update.
Pollen Street Group Limited has announced a share buyback transaction, purchasing 30,000 of its ordinary shares at a consistent price of 790 pence per share. The company plans to hold these shares in treasury, which now totals 3,425,757 shares, while the total number of voting rights remains at 60,783,840. This transaction is part of a buyback program initiated in March 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
Spark’s Take on GB:POLN Stock
According to Spark, TipRanks’ AI Analyst, GB:POLN is a Outperform.
Pollen Street Group Limited’s strong financial performance and favorable valuation are key strengths, supported by solid revenue growth, low debt levels, and a high dividend yield. The recent positive corporate events further enhance its market positioning. While technical indicators show mixed signals, the overall outlook remains positive, with the stock appearing undervalued and offering potential growth and income opportunities.
To see Spark’s full report on GB:POLN stock, click here.
More about Pollen Street Group Limited
Average Trading Volume: 90,517
Technical Sentiment Signal: Buy
Current Market Cap: £478M
See more insights into POLN stock on TipRanks’ Stock Analysis page.