GB Group (LON:GBG) Sets New 1-Year Low – What’s Next?

Shares of GB Group plc (LON:GBGGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 156.40 and last traded at GBX 158, with a volume of 37388621 shares traded. The stock had previously closed at GBX 160.

Analyst Upgrades and Downgrades

GBG has been the subject of several research analyst reports. Canaccord Genuity Group dropped their target price 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. Jefferies Financial Group decreased their price target on shares of GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Berenberg Bank dropped their price objective on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a report on Thursday, June 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 309.29.

Check Out Our Latest Stock Report on GBG

GB Group Price Performance

The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09. The stock has a market capitalization of £358.41 million, a P/E ratio of -5.10, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The firm has a 50-day moving average price of GBX 208.32 and a 200 day moving average price of GBX 208.94.

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

Insider Activity at GB Group

In other GB Group news, insider David ward purchased 12,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of GBX 196 per share, with a total value of £23,520. Company insiders own 1.63% of the company’s stock.

GB Group Company Profile

(Get Free Report)

GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.

For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index.

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