Deutsche Bank Aktiengesellschaft Has Lowered Expectations for GB Group (LON:GBG) Stock Price

GB Group (LON:GBG) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 415 to GBX 345 in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 115.36% from the company’s previous close.

A number of other brokerages have also issued reports on GBG. Canaccord Genuity Group reduced their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Stifel Nicolaus reiterated a “hold” rating and set a GBX 265 price target 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 report on Wednesday, April 22nd. Berenberg Bank reduced their price objective on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Jefferies Financial Group decreased their target price on GB Group from GBX 270 to GBX 240 and set a “buy” rating for the company in a report on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, GB Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 309.29.

GB Group Stock Performance

GBG stock opened at GBX 160.20 on Monday. The firm has a market cap of £366.65 million, a price-to-earnings ratio of -5.22, a PEG ratio of 173.40 and a beta of 0.02. GB Group has a one year low of GBX 156.40 and a one year high of GBX 265. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09. The firm has a 50-day simple moving average of GBX 212.74 and a two-hundred day simple moving average of GBX 211.58.

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

Insider Activity

In other GB Group news, insider David ward bought 12,000 shares of GB Group stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of GBX 196 per share, with a total value of £23,520. 1.63% of the stock is currently owned by company insiders.

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.