GB Group plc (LON:GBG) Receives Average Recommendation of “Moderate Buy” from Brokerages

GB Group plc (LON:GBG) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 319.29.

Several research firms have recently issued reports on GBG. Stifel Nicolaus reissued a “hold” rating and issued a GBX 265 price target on shares of GB Group in a research note on Wednesday, April 22nd. Jefferies Financial Group cut their price objective on shares of GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 415 price objective on shares of GB Group in a report on Wednesday, June 3rd. Berenberg Bank decreased their target price on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd.

GB Group Stock Performance

Shares of GBG stock opened at GBX 212.50 on Thursday. GB Group has a 12-month low of GBX 180.60 and a 12-month high of GBX 265. The firm has a market capitalization of £487.32 million, a price-to-earnings ratio of -6.92, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01. The business has a 50 day simple moving average of GBX 212.91 and a 200 day simple moving average of GBX 213.84. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74.

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

Insider Buying and Selling at GB Group

In related news, insider David ward acquired 12,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of GBX 196 per share, for a total transaction of £23,520. Corporate insiders own 1.63% of the company’s stock.

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.