GB Group (LON:GBG) Price Target Lowered to GBX 365 at Canaccord Genuity Group

GB Group (LON:GBG – Get Free Report) had its target price dropped by equities research analysts at Canaccord Genuity Group from GBX 400 to GBX 365 in a note issued to investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 81.59% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 265 price target on shares of GB Group in a research note on Wednesday, April 22nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 290 price target on shares of GB Group in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 337.50.

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GB Group Stock Down 1.2%

Shares of GBG opened at GBX 201 on Wednesday. GB Group has a 52 week low of GBX 185.05 and a 52 week high of GBX 285. The stock has a market capitalization of £466.24 million, a price-to-earnings ratio of 55.83, a PEG ratio of 173.40 and a beta of 0.00. The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.74 and a current ratio of 1.07. The stock has a fifty day moving average of GBX 213.28 and a 200-day moving average of GBX 224.43.

GB Group (LON:GBG – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. GB Group had a return on equity of 1.53% and a net margin of 3.22%.The company had revenue of £285.04 million during the quarter. As a group, sell-side analysts anticipate that GB Group will post 17.0176437 earnings per share for the current fiscal year.

GB Group Company Profile

(Get Free Report)

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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