GB Group plc Executes Share Buyback, Cancels 150,000 Shares

The latest announcement is out from GB Group plc ( (GB:GBG) ).

GB Group plc, a company involved in digital identity verification, announced the purchase and cancellation of 150,000 of its own shares as part of a share buyback programme. This transaction, conducted through Deutsche Numis, reduces the total number of shares in issue to 250,824,828, potentially impacting shareholder voting rights and market perception of the company’s financial health.

The most recent analyst rating on (GB:GBG) stock is a Buy with a £3.50 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 of 57 reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The company’s strong cash flow and balance sheet stability are key strengths, but challenges in profitability and technical market conditions weigh on the score. Recent corporate events signal strategic optimism, offering some positive outlook despite current market challenges.

To see Spark’s full report on GB:GBG stock, click here.

More about GB Group plc

Average Trading Volume: 1,125,147

Technical Sentiment Signal: Sell

Current Market Cap: £706.5M

Find detailed analytics on GBG stock on TipRanks’ Stock Analysis page.