GB Group (LON:GBG) Reaches New 1-Year Low After Analyst Downgrade

Shares of GB Group plc (LON:GBG) reached a new 52-week low during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 290 to GBX 260. Berenberg Bank currently has a buy rating on the stock. GB Group traded as low as GBX 186.20 and last traded at GBX 196.79, with a volume of 3532343 shares trading hands. The stock had previously closed at GBX 187.40.

A number of other analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 415 target price on shares of GB Group in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 265 price objective on shares of GB Group in a research note on Wednesday, April 22nd. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Finally, Canaccord Genuity Group dropped their target price on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 332.50.

GB Group Stock Up 5.0%

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 firm has a market capitalization of £456.48 million, a P/E ratio of -6.41, a P/E/G ratio of 173.40 and a beta of 0.00. The stock’s 50-day simple moving average is GBX 213.21 and its 200-day simple moving average is GBX 223.84.

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

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.