GB Group (LON:GBG) Hits New 12-Month Low – Here’s What Happened

GB Group plc (LON:GBG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 187.80 and last traded at GBX 188.40, with a volume of 678904 shares traded. The stock had previously closed at GBX 192.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GBG shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 400 price objective on shares of GB Group in a research note on Tuesday, November 25th. Shore Capital Group restated a “buy” rating and issued a GBX 390 target price on shares of GB Group in a report on Wednesday, November 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 340 target price on shares of GB Group in a research report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 357.50.

GB Group Trading Down 2.0%

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 stock has a market cap of £444.87 million, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The company’s 50 day simple moving average is GBX 234.75 and its two-hundred day simple moving average is GBX 234.51.

GB Group (LON:GBG) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 8.30 earnings per share for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. Research analysts expect that GB Group plc will post 17.0176437 EPS for the current fiscal year.

About GB Group

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.