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GB Group plc ( (GB:GBG) ) has issued an announcement.
GB Group plc, a company involved in identity data intelligence, has announced the purchase of 125,000 of its own Ordinary Shares as part of its ongoing share buyback programme. The shares were purchased at prices ranging from 220.50 GBp to 225.00 GBp and will be cancelled, reducing the total number of shares in issue to 246,356,790. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £239.00 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. Technical analysis shows moderate bullish momentum, but valuation concerns due to a high P/E ratio weigh on the score. The absence of earnings call insights and notable corporate events means these factors do not influence the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
Average Trading Volume: 1,477,823
Technical Sentiment Signal: Sell
Current Market Cap: £545.3M
Learn more about GBG stock on TipRanks’ Stock Analysis page.