GB Group (LON:GBG) Reaches New 12-Month Low – Time to Sell?

GB Group plc (LON:GBG)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 183.20 and last traded at GBX 185.13, with a volume of 33708422 shares traded. The stock had previously closed at GBX 188.78.

Analyst Ratings Changes

Several research firms recently commented on GBG. Berenberg Bank reduced their target price on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research report on Thursday, June 4th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 265 price target on shares of GB Group in a research report on Wednesday, April 22nd. Canaccord Genuity Group dropped their target price on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 415 price objective on shares of GB Group in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 332.50.

GB Group Stock Up 1.9%

The stock has a market cap of £441.60 million, a P/E ratio of -6.23, a P/E/G ratio of 173.40 and a beta of 0.01. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. The company has a 50-day simple moving average of GBX 213.41 and a two-hundred day simple moving average of GBX 219.56.

GB Group (LON:GBG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The firm had revenue of £285.04 million during the quarter. On average, equities analysts forecast that GB Group plc will post 17.0176437 EPS for the current year.

Insider Activity

In other news, insider David ward bought 12,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average cost of GBX 196 per share, with a total value of £23,520. 1.60% of the stock is currently owned by company insiders.

About GB Group

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.