GB Group (LON:GBG) Receives “Buy” Rating from Canaccord Genuity Group

GB Group (LON:GBG)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 400 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 82.82% from the stock’s current price.

Separately, Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 357.50.

GB Group Stock Performance

Shares of LON GBG traded down GBX 2.50 during trading on Wednesday, hitting GBX 218.80. The company had a trading volume of 2,345,354 shares, compared to its average volume of 3,254,083. The stock has a 50 day simple moving average of GBX 201.27 and a 200 day simple moving average of GBX 228.10. The firm has a market capitalization of £509.17 million, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. GB Group has a 12 month low of GBX 185.05 and a 12 month high of GBX 292. The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.74 and a current ratio of 1.07.

GB Group Company Profile

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.

We are an essential ingredient that protects against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,100 people serve more than 20,000 customers globally.