GB Group’s (GBG) “Buy” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

GB Group (LON:GBG)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Thursday, October 1st, Digital Look reports. They currently have a GBX 345 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 138.59% from the company’s current price.

Several other research analysts have also recently commented on GBG. Canaccord Genuity Group decreased their target price on shares of GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a report on Thursday, September 3rd. Jefferies Financial Group cut their price target on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Finally, Berenberg Bank downgraded shares of GB Group to a “hold” rating and reduced their price target for the company from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 285.71.

GB Group Trading Up 1.3%

Shares of LON:GBG traded up GBX 1.80 during midday trading on Thursday, reaching GBX 144.60. The company had a trading volume of 814,210 shares, compared to its average volume of 3,810,341. The company has a fifty day simple moving average of GBX 170.26 and a two-hundred day simple moving average of GBX 196.64. The firm has a market cap of £330.68 million, a price-to-earnings ratio of -4.71, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. GB Group has a 1-year low of GBX 141.80 and a 1-year high of GBX 262.50. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

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.