GB Group (LON:GBG) Given Speculative Buy Rating at Canaccord Genuity Group

GB Group (LON:GBG)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, October 20th, Digital Look reports. They presently have a GBX 300 price objective on the stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 87.88% from the stock’s previous close.

Several other brokerages also recently issued reports on GBG. Jefferies Financial Group reduced their price objective on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 345 target price on shares of GB Group in a research note on Thursday, October 1st. Finally, Berenberg Bank cut GB Group to a “hold” rating and decreased their price target for the stock from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 249.50.

GB Group Stock Down 0.7%

Shares of LON:GBG opened at GBX 159.68 on Tuesday. The company has a market cap of £365.15 million, a price-to-earnings ratio of -5.20, a PEG ratio of 173.40 and a beta of 0.02. The firm’s 50-day simple moving average is GBX 153.41 and its 200-day simple moving average is GBX 199.39. GB Group has a fifty-two week low of GBX 141.80 and a fifty-two week high of GBX 262.50. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89.

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.