GB Group (LON:GBG) Sets New 12-Month Low – What’s Next?

GB Group plc (LON:GBG)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as GBX 145.40 and last traded at GBX 149.80, with a volume of 5540574 shares changing hands. The stock had previously closed at GBX 146.

Analyst Ratings Changes

A number of research firms have issued reports on GBG. Berenberg Bank downgraded GB Group to a “hold” rating and dropped their price target for the stock from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Jefferies Financial Group cut their price target on GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a report on Wednesday, August 26th. 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 note on Monday, August 17th. Finally, Canaccord Genuity Group dropped their target price on shares of GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a research report on Thursday, September 3rd. Five research 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 an average rating of “Moderate Buy” and a consensus price target of GBX 285.71.

GB Group Stock Performance

The firm has a market capitalization of £342.92 million, a price-to-earnings ratio of -4.88, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The firm’s 50-day moving average price is GBX 178.83 and its two-hundred day moving average price is GBX 198.95. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

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.