Jefferies Financial Group Cuts GB Group (LON:GBG) Price Target to GBX 210

GB Group (LON:GBG) had its price objective reduced by Jefferies Financial Group from GBX 240 to GBX 210 in a report issued on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

GBG has been the subject of a number of other research reports. Berenberg Bank lowered their price target on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a report on Thursday, June 4th. Canaccord Genuity Group reduced their price objective on GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research report on Monday, August 17th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 305.

GB Group Stock Up 2.3%

Shares of LON GBG opened at GBX 162.20 on Wednesday. GB Group has a 12-month low of GBX 151.40 and a 12-month high of GBX 265. The firm’s 50-day simple moving average is GBX 204.13 and its 200 day simple moving average is GBX 206.58. 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 company has a market cap of £371.23 million, a price-to-earnings ratio of -5.28, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG) last posted 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 firm had revenue of £285.04 million during the quarter. On average, research analysts expect that GB Group will post 17.0176437 earnings per share for the current fiscal year.

Insider Buying and Selling at GB Group

In other GB Group news, insider David ward purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of GBX 196 per share, with a total value of £23,520. 1.63% of the stock is currently owned by company insiders.

About GB Group

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.