Canaccord Genuity Group Reiterates “Buy” Rating for GB Group (LON:GBG)

GB Group (LON:GBG)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 400 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 55.95% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 300 target price on shares of GB Group in a report on Thursday, October 16th. Shore Capital reaffirmed a “buy” rating and issued a GBX 390 price target on shares of GB Group in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 363.33.

GB Group Price Performance

Shares of GBG stock traded up GBX 20 on Tuesday, reaching GBX 256.50. 10,956,443 shares of the company were exchanged, compared to its average volume of 1,764,283. GB Group has a 1 year low of GBX 210 and a 1 year high of GBX 385. The company has a debt-to-equity ratio of 16.45, a quick ratio of 0.74 and a current ratio of 1.00. The business has a 50-day moving average price of GBX 237.48 and a 200 day moving average price of GBX 239.24. The company has a market cap of £621.09 million, a price-to-earnings ratio of 75.44, a P/E/G ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 8.30 earnings per share (EPS) for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. Equities research analysts forecast that GB Group will post 17.0176437 earnings per share for the current fiscal year.

Insider Activity at GB Group

In related news, insider Dev Dhiman bought 20,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average cost of GBX 236 per share, with a total value of £47,200. 1.53% of the stock is currently owned by company insiders.

About GB Group

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.