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The latest update is out from GB Group plc ( (GB:GBG) ).
GB Group plc, a company involved in identity data intelligence, announced the purchase and cancellation of 125,000 of its Ordinary 2.5p Shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 243,735,721, potentially 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 £252.00 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 primarily supported by its strong financial performance, particularly in cash flow and profitability improvements. However, technical analysis presents mixed signals, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 2,591,819
Technical Sentiment Signal: Sell
Current Market Cap: £580.6M
See more insights into GBG stock on TipRanks’ Stock Analysis page.