GB Group (LON:GBG) Reaches New 52-Week Low – Should You Sell?

GB Group plc (LON:GBG) reached a new 52-week low on Thursday . The company traded as low as GBX 146.20 and last traded at GBX 147, with a volume of 1343180 shares trading hands. The stock had previously closed at GBX 148.20.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GBG shares. Canaccord Genuity Group dropped their price objective on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a report on Thursday, September 3rd. Berenberg Bank downgraded shares of GB Group to a “hold” rating and reduced their price objective for the stock from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Jefferies Financial Group cut their price target on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 285.71.

GB Group Stock Performance

The firm has a market capitalization of £336.51 million, a price-to-earnings ratio of -4.79, a PEG ratio of 173.40 and a beta of 0.02. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The stock’s 50-day moving average is GBX 185.08 and its 200-day moving average is GBX 200.54.

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.