GB Group plc (LON:GBG)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday, June 7th. They currently have a GBX 455 ($5.76) price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 22.81% from the stock’s current price.
A number of other brokerages have also weighed in on GBG. FinnCap lifted their price objective on shares of GB Group plc from GBX 400 ($5.06) to GBX 425 ($5.38) and gave the company a “buy” rating in a report on Tuesday, June 6th. Peel Hunt restated a “buy” rating and issued a GBX 467 ($5.91) price target on shares of GB Group plc in a report on Tuesday, June 6th. Canaccord Genuity boosted their price target on shares of GB Group plc from GBX 415 ($5.25) to GBX 430 ($5.44) and gave the company a “buy” rating in a report on Tuesday, June 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 340 ($4.30) price target on shares of GB Group plc in a report on Thursday, February 9th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of GBX 414.50 ($5.24).
Shares of GB Group plc (LON:GBG) opened at 370.25 on Wednesday. The firm’s market capitalization is GBX 498.73 million. The stock has a 50 day moving average price of GBX 379.23 and a 200 day moving average price of GBX 314.04. GB Group plc has a 52 week low of GBX 205.76 and a 52 week high of GBX 414.00.
The firm also recently declared a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, July 20th will be issued a GBX 2.35 ($0.03) dividend. The ex-dividend date is Thursday, July 20th. This represents a dividend yield of 0.62%. This is a positive change from GB Group plc’s previous dividend of $2.08.
In other GB Group plc news, insider David John Wilson purchased 30,000 shares of GB Group plc stock in a transaction dated Tuesday, June 6th. The stock was acquired at an average price of GBX 411 ($5.20) per share, for a total transaction of £123,300 ($155,977.23).
GB Group plc Company Profile
GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.
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