GB Group (LON:GBG) Sets New 52-Week Low – Should You Sell?

GB Group plc (LON:GBG)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 209 and last traded at GBX 213, with a volume of 3090459 shares traded. The stock had previously closed at GBX 224.50.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GBG. Peel Hunt restated an “add” rating and issued a GBX 300 price target on shares of GB Group in a research report on Thursday, October 16th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 price objective on shares of GB Group in a report on Tuesday, November 25th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 390 target price on shares of GB Group in a research report on Wednesday, November 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 340 price target on shares of GB Group in a research report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, GB Group has an average rating of “Buy” and a consensus price target of GBX 357.50.

GB Group Stock Down 5.6%

The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The stock’s 50-day simple moving average is GBX 243.39 and its 200 day simple moving average is GBX 236.26. The firm has a market cap of £500.60 million, a P/E ratio of 58.89, a PEG ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 8.30 earnings per share for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. As a group, research analysts forecast that GB Group plc will post 17.0176437 EPS for the current fiscal year.

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.

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.