GB Group (LON:GBG) Hits New 52-Week Low – Time to Sell?

Shares of GB Group plc (LON:GBGGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 147.40 and last traded at GBX 151.40, with a volume of 2951280 shares. The stock had previously closed at GBX 154.40.

Analyst Ratings Changes

Several brokerages recently issued reports on GBG. Jefferies Financial Group lowered their price target on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Berenberg Bank downgraded GB Group to a “hold” rating and reduced their price objective for the stock from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Canaccord Genuity Group decreased their price objective on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, GB Group has a consensus rating of “Moderate Buy” and an average price target of GBX 285.71.

Check Out Our Latest Stock Analysis on GBG

GB Group Trading Up 1.5%

The business’s 50 day moving average price is GBX 197.34 and its 200-day moving average price is GBX 203.50. The company has a market cap of £347.93 million, a price-to-earnings ratio of -4.95, a PEG ratio of 173.40 and a beta of 0.02. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

About GB Group

(Get Free Report)

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.

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