Berenberg Bank Lowers GB Group (LON:GBG) Price Target to GBX 260

GB Group (LON:GBG) had its price objective reduced by stock analysts at Berenberg Bank from GBX 290 to GBX 260 in a research note issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 36.13% from the company’s current price.

Several other brokerages also recently weighed in on GBG. Canaccord Genuity Group lowered 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 415 target price on shares of GB Group in a report on Wednesday. Shore Capital Group reaffirmed a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 265 target price on shares of GB Group in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 332.50.

GB Group Trading Up 1.9%

LON GBG opened at GBX 191 on Thursday. 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 market cap of £443.05 million, a PE ratio of 53.06, a P/E/G ratio of 173.40 and a beta of 0.00. GB Group has a one year low of GBX 185.05 and a one year high of GBX 279.50. The firm’s fifty day moving average is GBX 213.21 and its two-hundred day moving average is GBX 223.84.

GB Group (LON:GBG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. The company had revenue of £285.04 million for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. Analysts expect that GB Group will post 17.0176437 earnings per share for the current 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.