GB Group (LON:GBG) Hits New 12-Month Low – What’s Next?

Shares of GB Group plc (LON:GBG) reached a new 52-week low on Wednesday. The company traded as low as GBX 142 and last traded at GBX 142.80, with a volume of 782473 shares changing hands. The stock had previously closed at GBX 145.

Analyst Ratings Changes

GBG has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their target price on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a report on Thursday, September 3rd. Jefferies Financial Group lowered 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. Berenberg Bank downgraded shares of GB Group to a “hold” rating and reduced their target price for the company from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 345 target price on shares of GB Group in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GB Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 285.71.

GB Group Stock Performance

The firm’s fifty day moving average is GBX 168.66 and its 200 day moving average is GBX 196.29. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The company has a market cap of £343.48 million, a PE ratio of -4.89, a price-to-earnings-growth 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.