GB Group’s (GBG) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

GB Group (LON:GBG)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 300 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 93.55% from the stock’s previous close.

GBG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 345 price target on shares of GB Group in a research report on Thursday, October 1st. Jefferies Financial Group decreased their price target on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a report on Wednesday, August 26th. Finally, Berenberg Bank downgraded shares of GB Group to a “hold” rating and lowered their price objective for the company from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 252.

GB Group Stock Down 1.3%

LON GBG traded down GBX 2 during trading on Tuesday, reaching GBX 155. 1,851,211 shares of the company’s stock were exchanged, compared to its average volume of 3,705,859. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. GB Group has a fifty-two week low of GBX 141.80 and a fifty-two week high of GBX 262.50. The company’s fifty day simple moving average is GBX 156.40 and its 200-day simple moving average is GBX 193.88. The firm has a market capitalization of £354.46 million, a PE ratio of -5.05, a P/E/G ratio of 173.40 and a beta of 0.02.

About GB Group

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.