GB Group (LON:GBG) Downgraded by Berenberg Bank to “Hold”

GB Group (LON:GBG) was downgraded by Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 190 target price on the stock, down from their prior target price of GBX 260. Berenberg Bank’s price objective would indicate a potential upside of 22.42% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group decreased their price objective on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group lowered their target price on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a research note on Wednesday, August 26th. 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 report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GB Group has a consensus rating of “Moderate Buy” and an average price target of GBX 295.

GB Group Stock Performance

Shares of LON:GBG opened at GBX 155.20 on Wednesday. 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 firm’s 50-day moving average is GBX 203.26 and its 200 day moving average is GBX 205.70. GB Group has a 12 month low of GBX 151 and a 12 month high of GBX 265. The company has a market capitalization of £355.21 million, a price-to-earnings ratio of -5.06, a PEG ratio of 173.40 and a beta of 0.02.

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

Insider Activity at GB Group

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