Berenberg Bank Reaffirms “Buy” Rating for GB Group (LON:GBG)

GB Group (LON:GBG)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 290 price target on the stock. Berenberg Bank’s price target points to a potential upside of 37.12% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 265 price target on shares of GB Group in a research note on Wednesday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of GB Group in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 329.

GB Group Trading Down 3.3%

Shares of GBG stock traded down GBX 7.30 during mid-day trading on Thursday, reaching GBX 211.50. The company’s stock had a trading volume of 847,761 shares, compared to its average volume of 3,222,832. The company’s 50 day simple moving average is GBX 201.40 and its 200-day simple moving average is GBX 228.04. GB Group has a 12-month low of GBX 185.05 and a 12-month high of GBX 292. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 16.35. The firm has a market capitalization of £492.19 million, a PE ratio of 58.75, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30.

GB Group Company Profile

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.

We are an essential ingredient that protects against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,100 people serve more than 20,000 customers globally.