GB Group (LON:GBG) Given “Buy” Rating at Berenberg Bank

GB Group (LON:GBG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 340 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 32.81% from the company’s previous close.

GBG has been the topic of several other research reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 400 price target on shares of GB Group in a report on Tuesday. Shore Capital reissued a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a research report on Wednesday. Finally, Peel Hunt reiterated an “add” rating and set a GBX 300 price objective on shares of GB Group in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 357.50.

GB Group Price Performance

Shares of LON GBG traded down GBX 3 during mid-day trading on Wednesday, hitting GBX 256. 3,085,884 shares of the company’s stock traded hands, compared to its average volume of 1,747,014. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74. GB Group has a 1 year low of GBX 210 and a 1 year high of GBX 385. The company’s 50-day moving average is GBX 238.08 and its two-hundred day moving average is GBX 239.08. The company has a market capitalization of £619.88 million, a P/E ratio of 75.29, a PEG ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 8.30 EPS for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. On average, equities analysts anticipate that GB Group will post 17.0176437 EPS for the current fiscal year.

Insider Buying and Selling at GB Group

In other GB Group news, insider Dev Dhiman bought 20,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average cost of GBX 236 per share, for a total transaction of £47,200. Company insiders own 1.53% of the company’s stock.

About GB Group

GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.