GB Group (LON:GBG) Cut to “Hold” at Berenberg Bank

Berenberg Bank downgraded shares of GB Group (LON:GBG) to a hold rating in a report issued on Wednesday morning,Digital Look reports. The firm currently has GBX 190 target price on the stock, down from their prior target price of GBX 260.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a research report on Monday, August 17th. Jefferies Financial Group decreased their price objective on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Finally, Canaccord Genuity Group dropped their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 285.71.

GB Group Stock Performance

GB Group stock opened at GBX 159.40 on Wednesday. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74. The stock has a fifty day moving average price of GBX 201.29 and a two-hundred day moving average price of GBX 204.73. GB Group has a 52-week low of GBX 151 and a 52-week high of GBX 265. The firm has a market capitalization of £364.82 million, a P/E ratio of -5.19, a P/E/G ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG) last issued its earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The company had revenue of £285.04 million for the quarter. As a group, analysts anticipate that GB Group will post 17.0176437 EPS for the current fiscal 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.