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An update from GB Group plc ( (GB:GBG) ) is now available.
GB Group plc, a company involved in identity data intelligence, announced the purchase and cancellation of 75,000 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Deutsche Numis, resulted in a reduction of the total number of shares in issue to 245,490,005, impacting the total voting rights available to shareholders and potentially affecting their shareholding calculations under regulatory guidelines.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £257.00 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
Average Trading Volume: 2,206,593
Technical Sentiment Signal: Sell
Current Market Cap: £624.2M
For an in-depth examination of GBG stock, go to TipRanks’ Overview page.