Brokerages Set GB Group plc (LON:GBG) PT at GBX 319.29

GB Group plc (LON:GBG) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 309.29.

A number of equities research analysts recently commented on GBG shares. Berenberg Bank dropped their price objective on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a report on Thursday, June 4th. Jefferies Financial Group reduced their target price on GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a report on Thursday, June 25th. Canaccord Genuity Group decreased their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a research note on Monday, August 17th.

GB Group Stock Performance

Shares of GB Group stock opened at GBX 157.60 on Monday. The firm has a fifty day moving average of GBX 208.32 and a two-hundred day moving average of GBX 208.71. The stock has a market capitalization of £360.70 million, a price-to-earnings ratio of -5.13, a PEG ratio of 173.40 and a beta of 0.02. GB Group has a 52 week low of GBX 156 and a 52 week high of GBX 265. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

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

Insiders Place Their Bets

In other news, insider David ward acquired 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, for a total transaction of £23,520. 1.63% of the stock is owned by insiders.

GB Group Company Profile

GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.

For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index.