GB Group plc (LON:GBG) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 414.50 ($5.41).
Several research analysts have recently commented on the stock. FinnCap reissued a “buy” rating and issued a GBX 350 ($4.57) price objective on shares of GB Group plc in a research note on Wednesday, April 19th. Canaccord Genuity initiated coverage on shares of GB Group plc in a research note on Friday, March 31st. They issued a “buy” rating for the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 ($4.44) target price on shares of GB Group plc in a report on Wednesday, April 26th. Finally, Citigroup Inc. raised their target price on shares of GB Group plc from GBX 415 ($5.42) to GBX 455 ($5.94) and gave the company a “buy” rating in a report on Wednesday, May 10th.
Shares of GB Group plc (LON GBG) opened at 350.00 on Tuesday. The company has a 50 day moving average of GBX 381.67 and a 200-day moving average of GBX 321.44. GB Group plc has a 12-month low of GBX 205.76 and a 12-month high of GBX 414.00. The company’s market cap is GBX 471.46 million.
The firm also recently announced 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. This represents a dividend yield of 0.62%. This is a boost from GB Group plc’s previous dividend of $2.08. The ex-dividend date of this dividend is Thursday, July 20th.
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In related news, insider David A. Rasche bought 14,695 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were bought at an average cost of GBX 339 ($4.43) per share, for a total transaction of £49,816.05 ($65,050.99). Also, insider David John Wilson bought 30,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were bought at an average price of GBX 411 ($5.37) per share, for a total transaction of £123,300 ($161,008.10).
About GB Group plc
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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