GB Group (LON:GBG) Stock Price Down 30.8% – Should You Sell?

Shares of GB Group plc (LON:GBG) were down 30.8% on Friday . The stock traded as low as GBX 156.40 and last traded at GBX 160.60. Approximately 18,939,926 shares changed hands during trading, an increase of 413% from the average session volume of 3,693,461 shares. The stock had previously closed at GBX 232.

Wall Street Analyst Weigh In

GBG has been the subject of a number of research analyst reports. Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Jefferies Financial Group cut their price objective 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 reaffirmed a “buy” rating and issued a GBX 415 price objective on shares of GB Group in a research report on Wednesday, June 3rd. Canaccord Genuity Group lowered 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 note on Wednesday, June 3rd. Finally, Berenberg Bank lowered their target price on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research note on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, GB Group currently has an average rating of “Moderate Buy” and an average target price of GBX 319.29.

GB Group Trading Down 30.8%

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 stock has a 50-day simple moving average of GBX 212.74 and a 200 day simple moving average of GBX 211.79. The company has a market cap of £367.57 million, a price-to-earnings ratio of -5.23, a PEG ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%.The business had revenue of £285.04 million for the quarter. As a group, equities research analysts predict that GB Group plc will post 17.0176437 EPS for the current fiscal year.

Insiders Place Their Bets

In other GB Group news, insider David ward purchased 12,000 shares of GB Group stock in a transaction on Thursday, June 4th. The stock was bought 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.

About GB Group

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.