GB Group (LON:GBG) Given New GBX 300 Price Target at Canaccord Genuity Group

GB Group (LON:GBG) had its price target cut by analysts at Canaccord Genuity Group from GBX 365 to GBX 300 in a report released on Thursday, London Stock Exchange reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 91.82% from the stock’s previous close.

Several other research analysts have also weighed in on GBG. Jefferies Financial Group lowered their price objective on GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Berenberg Bank lowered shares of GB Group to a “hold” rating and lowered their target price for the stock from GBX 260 to GBX 190 in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 285.71.

GB Group Trading Up 1.3%

Shares of LON GBG opened at GBX 156.40 on Thursday. The stock has a market cap of £357.95 million, a P/E ratio of -5.09, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. GB Group has a 52-week low of GBX 151 and a 52-week high of GBX 265. The firm has a 50 day moving average price of GBX 202.53 and a two-hundred day moving average price of GBX 205.35. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

GB Group (LON:GBG) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) 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 during the quarter. As a group, equities analysts forecast that GB Group will post 17.0176437 EPS for the current year.

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.