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

GB Group (LON:GBG)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 300 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 93.80% from the company’s current price.

GBG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 345 price target on shares of GB Group in a report on Thursday, October 1st. Berenberg Bank downgraded GB Group to a “hold” rating and reduced their target price for the stock from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Finally, Jefferies Financial Group decreased their price target on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 283.33.

GB Group Stock Performance

Shares of GB Group stock traded down GBX 3.20 during midday trading on Tuesday, hitting GBX 154.80. The company had a trading volume of 1,330,716 shares, compared to its average volume of 3,709,512. The company has a fifty day simple moving average of GBX 157.97 and a 200 day simple moving average of GBX 194.21. GB Group has a 12-month low of GBX 141.80 and a 12-month high of GBX 262.50. 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 stock has a market cap of £354.00 million, a price-to-earnings ratio of -5.04, a PEG ratio of 173.40 and a beta of 0.02.

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.