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

GB Group (LON:GBG) had its price target dropped by Berenberg Bank from GBX 290 to GBX 260 in a note issued to investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 36.13% from the stock’s previous close.

A number of other research firms also recently commented on GBG. Shore Capital Group reissued a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Canaccord Genuity Group decreased their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a GBX 265 price objective on shares of GB Group in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 415 price objective on shares of GB Group in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 332.50.

GB Group Stock Up 1.9%

GBG stock opened at GBX 191 on Thursday. The company has a market cap of £443.05 million, a P/E ratio of 53.06, a P/E/G ratio of 173.40 and a beta of 0.00. GB Group has a 52 week low of GBX 185.05 and a 52 week high of GBX 279.50. The company’s 50-day moving average price is GBX 213.21 and its 200 day moving average price is GBX 223.84. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89.

GB Group (LON:GBG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. The firm 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%. On average, research analysts expect that GB Group will post 17.0176437 earnings per share for the current fiscal 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.