GB Group (LON:GBG) Hits New 52-Week Low Following Analyst Downgrade

GB Group plc (LON:GBG)’s stock price hit a new 52-week low on Wednesday after Berenberg Bank downgraded the stock to a hold rating. Berenberg Bank now has a GBX 190 price target on the stock, down from their previous price target of GBX 260. GB Group traded as low as GBX 151 and last traded at GBX 154.40, with a volume of 2137074 shares traded. The stock had previously closed at GBX 160.20.

A number of other research analysts have also weighed in on GBG. Deutsche Bank Aktiengesellschaft cut their price target on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research note on Monday, August 17th. Jefferies Financial Group dropped their price objective on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Finally, 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, June 3rd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295.

Insider Buying and Selling

In related news, insider David ward acquired 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of GBX 196 per share, for a total transaction of £23,520. 1.63% of the stock is currently owned by company insiders.

GB Group Stock Down 3.6%

The firm has a 50 day moving average of GBX 203.26 and a two-hundred day moving average of GBX 205.70. 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 firm has a market capitalization of £353.38 million, a price-to-earnings ratio of -5.03, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) for the quarter. The business had revenue of £285.04 million during the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. As a group, sell-side analysts anticipate that GB Group plc will post 17.0176437 EPS for the current fiscal year.

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.