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GB Group plc ( (GB:GBG) ) has shared an update.
GB Group plc announced the purchase and subsequent cancellation of 16,045 of its Ordinary Shares as part of its ongoing share buyback programme. This transaction reduces the total number of shares in issue to 246,831,340, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £240.00 price target. To see the full list of analyst forecasts on GB Group plc stock, see the GB:GBG Stock Forecast page.
Spark’s Take on GB:GBG Stock
According to Spark, TipRanks’ AI Analyst, GB:GBG is a Neutral.
GB Group plc’s overall stock score is driven primarily by its strong financial performance, particularly in cash flow and profitability improvements. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation, which tempers the overall score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
GB Group plc is a company operating in the identity data intelligence industry, providing solutions for identity verification, location intelligence, and fraud prevention. The company focuses on delivering services that help businesses manage and secure customer data.
Average Trading Volume: 1,489,216
Technical Sentiment Signal: Sell
Current Market Cap: £568.2M
See more insights into GBG stock on TipRanks’ Stock Analysis page.