GB Group (LON:GBG) Releases Quarterly Earnings Results

GB Group (LON:GBG) announced its earnings results on Tuesday. The company reported GBX 8.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%.

GB Group Stock Performance

Shares of LON GBG opened at GBX 253.38 on Thursday. The stock has a market cap of £613.55 million, a PE ratio of 74.52, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. GB Group has a 1 year low of GBX 210 and a 1 year high of GBX 385. The firm has a fifty day moving average price of GBX 238.70 and a 200-day moving average price of GBX 239.20. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74.

Analysts Set New Price Targets

Several brokerages recently issued reports on GBG. Shore Capital restated a “buy” rating and set a GBX 390 target price on shares of GB Group in a research report on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 price objective on shares of GB Group in a research note on Tuesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 340 target price on shares of GB Group in a report on Wednesday. Finally, Peel Hunt reissued an “add” rating and set a GBX 300 price target on shares of GB Group in a report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 357.50.

Insiders Place Their Bets

In other news, insider Dev Dhiman bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of GBX 236 per share, with a total value of £47,200. Corporate insiders own 1.53% of the company’s stock.

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.