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The latest update is out from GB Group plc ( (GB:GBG) ).
GB Group plc has executed a share buyback program, purchasing 13,123 of its ordinary shares at prices ranging from 232.00 GBp to 235.00 GBp per share. This transaction, conducted through Deutsche Numis, results in the cancellation of these shares, leaving 245,648,843 ordinary shares in issue. The buyback is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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 reflects strong financial performance, particularly in cash flow and profitability improvements. However, the technical analysis indicates a neutral trend, and the high P/E ratio suggests overvaluation, which could limit future growth potential. The absence of earnings call and corporate events data 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 solutions that help organizations manage and verify personal identities. The company’s primary services include identity verification, location intelligence, and fraud prevention, catering to a global market with a focus on enhancing security and compliance for businesses.
Average Trading Volume: 1,919,452
Technical Sentiment Signal: Sell
Current Market Cap: £551.2M
Find detailed analytics on GBG stock on TipRanks’ Stock Analysis page.