Jefferies Financial Group Issues Pessimistic Forecast for GB Group (LON:GBG) Stock Price

GB Group (LON:GBG) had its price objective cut by analysts at Jefferies Financial Group from GBX 270 to GBX 240 in a research report issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 26.18% from the stock’s previous close.

Several other analysts have also recently weighed in on GBG. Canaccord Genuity Group reduced their price target on GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 265 price objective on shares of GB Group in a report on Wednesday, April 22nd. Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 415 target price on shares of GB Group in a report on Wednesday, June 3rd. Finally, Berenberg Bank decreased their price target on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research report on Thursday, June 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GB Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 319.29.

GB Group Trading Down 0.5%

Shares of GBG stock opened at GBX 190.20 on Thursday. GB Group has a twelve month low of GBX 180.60 and a twelve month high of GBX 265. The stock’s fifty day simple moving average is GBX 213.29 and its 200 day simple moving average is GBX 219.14. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. The firm has a market capitalization of £439.29 million, a P/E ratio of -6.20, a P/E/G ratio of 173.40 and a beta of 0.01.

GB Group (LON:GBG) last posted its earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. The firm had revenue of £285.04 million during the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%. As a group, sell-side analysts predict that GB Group will post 17.0176437 EPS for the current fiscal year.

Insider Activity at GB Group

In related news, insider David ward purchased 12,000 shares of GB Group stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of GBX 196 per share, for a total transaction of £23,520. Company insiders own 1.60% of the company’s stock.

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.