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GB Group plc ( (GB:GBG) ) has provided an update.
GB Group plc has executed a share buyback program, purchasing 100,000 of its ordinary shares at prices ranging from 226.00 GBp to 231.00 GBp, with an average price of 229.0145 GBp. These shares will be cancelled, reducing the total number of shares in issue to 246,731,340, which impacts the total voting rights and may influence shareholder calculations under FCA 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 operates in the identity data intelligence industry, providing solutions that help organizations make informed decisions about their customers and employees. The company focuses on identity verification, location intelligence, and fraud prevention services, catering to a global market.
Average Trading Volume: 1,489,216
Technical Sentiment Signal: Sell
Current Market Cap: £568.2M
Learn more about GBG stock on TipRanks’ Stock Analysis page.