GB Group (LON:GBG) Insider David ward Buys 12,000 Shares

GB Group plc (LON:GBG) insider David ward purchased 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of GBX 196 per share, with a total value of £23,520.

GB Group Stock Up 4.7%

Shares of GB Group stock opened at GBX 207.10 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. GB Group plc has a 52-week low of GBX 185.05 and a 52-week high of GBX 279.50. The company has a 50 day moving average of GBX 213.31 and a 200 day moving average of GBX 223.59. The company has a market capitalization of £480.40 million, a P/E ratio of -6.75, a P/E/G ratio of 173.40 and a beta of 0.00.

GB Group (LON:GBG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The company had revenue of £285.04 million for the quarter. As a group, research analysts forecast that GB Group plc will post 17.0176437 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on GBG shares. Berenberg Bank cut their price objective on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 415 price objective on shares of GB Group in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a GBX 265 price objective on shares of GB Group in a report on Wednesday, April 22nd. Shore Capital Group reissued a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Finally, Canaccord Genuity Group cut their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, GB Group presently has an average rating of “Moderate Buy” and an average target price of GBX 332.50.

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.