Shares of GB Group plc (LON:GBG – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 183.20 and last traded at GBX 185.13, with a volume of 33708422 shares changing hands. The stock had previously closed at GBX 188.78.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on GBG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 price objective on shares of GB Group in a research report on Wednesday, June 3rd. Berenberg Bank lowered their target price on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a report on Thursday, June 4th. 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. Canaccord Genuity Group reduced their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 332.50.
Read Our Latest Research Report on GB Group
GB Group Price Performance
GB Group (LON:GBG – Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The firm had revenue of £285.04 million for the quarter. On average, analysts expect that GB Group plc will post 17.0176437 earnings per share for the current year.
Insider Buying and Selling
In other GB Group news, insider David ward purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of GBX 196 per share, for a total transaction of £23,520. Company insiders own 1.60% 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.
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