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

Shares of GB Group plc (LON:GBG) hit a new 52-week low during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 290 to GBX 260. Berenberg Bank currently has a buy rating on the stock. GB Group traded as low as GBX 186.20 and last traded at GBX 196.79, with a volume of 3532343 shares traded. The stock had previously closed at GBX 187.40.

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

GB Group Stock Up 5.0%

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 company has a 50-day simple moving average of GBX 213.21 and a two-hundred day simple moving average of GBX 223.84. The stock has a market cap of £456.48 million, a P/E ratio of -6.41, a P/E/G ratio of 173.40 and a beta of 0.00.

GB Group (LON:GBG) last issued 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 during the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. On average, equities analysts forecast that GB Group plc will post 17.0176437 EPS for the current year.

About GB Group

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.