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GB Group plc ( (GB:GBG) ) has issued an announcement.
GB Group plc has executed a share buyback program, purchasing 165,000 of its ordinary shares at prices ranging from 238.50 GBp to 244.00 GBp, with an average price of 240.9751 GBp. This move reduces the total number of shares in issue to 244,560,121, 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 £315.00 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 and positive cash flow trends, which indicate good financial health and potential for sustained growth. Technical analysis shows short-term bullish momentum, although longer-term resistance is present. The high P/E ratio suggests overvaluation, which is a significant risk factor. The absence of earnings call data and 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
GB Group plc operates in the identity data intelligence industry, providing services and solutions that help organizations validate and verify identities, prevent fraud, and ensure compliance with regulations. The company focuses on leveraging data and technology to deliver insights and solutions across various sectors, including financial services, retail, and government.
Average Trading Volume: 2,282,190
Technical Sentiment Signal: Sell
Current Market Cap: £591.6M
See more insights into GBG stock on TipRanks’ Stock Analysis page.