GB Group (LON:GBG) Hits New 12-Month Low on Analyst Downgrade

Shares of GB Group plc (LON:GBG) hit a new 52-week low on Wednesday after Jefferies Financial Group lowered their price target on the stock from GBX 240 to GBX 210. Jefferies Financial Group currently has a buy rating on the stock. GB Group traded as low as GBX 151.40 and last traded at GBX 154.60, with a volume of 2581194 shares. The stock had previously closed at GBX 154.80.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group reduced their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Berenberg Bank dropped their price target on GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 305.

Insider Buying and Selling at GB Group

In related news, insider David ward bought 12,000 shares of GB Group stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of GBX 196 per share, for a total transaction of £23,520. Corporate insiders own 1.63% of the company’s stock.

GB Group Stock Down 0.1%

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 business’s fifty day simple moving average is GBX 206.32 and its 200 day simple moving average is GBX 207.77. The stock has a market cap of £353.83 million, a price-to-earnings ratio of -5.04, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG) last released its earnings results 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 firm had revenue of £285.04 million for the quarter. Equities analysts forecast that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

GB Group Company Profile

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.