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

GB Group plc (LON:GBG) shares hit a new 52-week low during trading 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.

GBG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut their target price on GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research report on Monday, August 17th. Jefferies Financial Group cut their price objective on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

Insider Buying and Selling at GB Group

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

GB Group Stock Down 3.6%

The stock has a 50-day simple moving average of GBX 203.26 and a 200-day simple moving average of GBX 205.70. The firm has a market capitalization of £353.38 million, a PE ratio of -5.03, a P/E/G ratio of 173.40 and a beta of 0.02. 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 (LON:GBG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%.The company had revenue of £285.04 million during the quarter. Analysts forecast that GB Group plc will post 17.0176437 EPS for the current 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.