GB Group (LON:GBG) Earns Speculative Buy Rating from Canaccord Genuity Group

GB Group (LON:GBG)‘s stock had its “speculative buy” rating restated by stock analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, October 20th, Digital Look reports. They currently have a GBX 300 price target on the stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 87.73% from the stock’s current price.

GBG has been the topic of several other research reports. Berenberg Bank downgraded GB Group to a “hold” rating and decreased their target price for the company from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Jefferies Financial Group cut their price objective on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 345 price objective on shares of GB Group in a research note on Thursday, October 1st. Four investment analysts have rated the stock with a Buy rating and two have 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 price target of GBX 249.50.

GB Group Stock Down 0.6%

GBG stock traded down GBX 1 during mid-day trading on Tuesday, reaching GBX 159.80. The company had a trading volume of 3,029,453 shares, compared to its average volume of 3,760,051. The stock has a 50 day simple moving average of GBX 153.41 and a two-hundred day simple moving average of GBX 199.39. GB Group has a 52 week low of GBX 141.80 and a 52 week high of GBX 262.50. The company has a market capitalization of £365.44 million, a price-to-earnings ratio of -5.21, a PEG ratio of 173.40 and a beta of 0.02. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74.

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.