Deutsche Bank Aktiengesellschaft Cuts GB Group (LON:GBG) Price Target to GBX 345

GB Group (LON:GBG) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 415 to GBX 345 in a research note published on Monday, MarketBeat.com reports. They currently have a buy rating on the stock.

GBG has been the subject of several other reports. Jefferies Financial Group decreased their price objective on shares of GB Group from GBX 270 to GBX 240 and set a “buy” rating for the company in a report on Thursday, June 25th. Stifel Nicolaus restated a “hold” rating and issued a GBX 265 target price on shares of GB Group in a research note on Wednesday, April 22nd. Canaccord Genuity Group reduced their price target on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Finally, Berenberg Bank decreased their price target on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research note on Thursday, June 4th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, GB Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 309.29.

GB Group Stock Performance

GB Group stock opened at GBX 160 on Monday. The stock has a market cap of £366.19 million, a P/E ratio of -5.21, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. 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 stock has a 50 day moving average of GBX 210.24 and a 200-day moving average of GBX 209.88. GB Group has a 52 week low of GBX 156.40 and a 52 week high of GBX 265.

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

Insider Transactions at GB Group

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

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.