GB Group (LON:GBG) Hits New 12-Month Low – Here’s What Happened

GB Group plc (LON:GBG – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as GBX 142 and last traded at GBX 142.80, with a volume of 782473 shares changing hands. The stock had previously closed at GBX 145.

Analysts Set New Price Targets

GBG has been the topic of several recent analyst reports. Berenberg Bank cut shares of GB Group to a “hold” rating and cut their price target for the company from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 345 target price on shares of GB Group in a research report on Thursday, October 1st. Jefferies Financial Group dropped their target price on GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a report on Wednesday, August 26th. Finally, Canaccord Genuity Group lowered their price target on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, GB Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 285.71.

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Check Out Our Latest Stock Analysis on GBG

GB Group Stock Down 1.5%

The stock has a market capitalization of £326.56 million, a PE ratio of -4.65, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The company’s 50-day moving average is GBX 171.97 and its 200 day moving average is GBX 197.03.

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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