GB Group (LON:GBG) Hits New 52-Week Low – Here’s What Happened

Shares of GB Group plc (LON:GBG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 209 and last traded at GBX 213, with a volume of 3090459 shares changing hands. The stock had previously closed at GBX 224.50.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GBG shares. Peel Hunt reaffirmed an “add” rating and set a GBX 300 price objective on shares of GB Group in a research report on Thursday, October 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 340 target price on shares of GB Group in a research note on Wednesday, November 26th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 390 price target on shares of GB Group in a research report on Wednesday, November 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 400 price target on shares of GB Group in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GB Group currently has an average rating of “Buy” and an average target price of GBX 357.50.

GB Group Trading Down 0.6%

The company has a debt-to-equity ratio of 16.45, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a market cap of £478.67 million, a PE ratio of 56.31, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The stock has a 50-day simple moving average of GBX 241.70 and a two-hundred day simple moving average of GBX 235.87.

GB Group (LON:GBG) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX 8.30 EPS for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, sell-side analysts anticipate that GB Group plc will post 17.0176437 EPS for the current year.

GB Group Company Profile

GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.

We are an essential ingredient that protects against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,100 people serve more than 20,000 customers globally.