GB Group plc (GBG) Earns “Buy” Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of GB Group plc (LON:GBG) in a research report sent to investors on Wednesday morning. The brokerage currently has a GBX 340 ($4.39) target price on the stock.

Several other brokerages have also recently weighed in on GBG. Berenberg Bank reaffirmed a buy rating and set a GBX 340 ($4.39) target price on shares of GB Group plc in a research note on Thursday, February 9th. Credit Suisse Group AG started coverage on GB Group plc in a research note on Thursday, January 26th. They set a buy rating and a GBX 370 ($4.78) target price for the company. FinnCap reaffirmed a buy rating and set a GBX 350 ($4.52) target price on shares of GB Group plc in a research note on Monday, January 9th. Finally, Canaccord Genuity started coverage on GB Group plc in a research note on Friday, March 31st. They set a buy rating for the company. Six equities research analysts have rated the stock with a buy rating, GB Group plc currently has a consensus rating of Buy and an average target price of GBX 360 ($4.65).

Shares of GB Group plc (LON:GBG) opened at 348.00 on Wednesday. The firm’s market cap is GBX 448.27 million. GB Group plc has a 52-week low of GBX 205.76 and a 52-week high of GBX 357.00. The company’s 50-day moving average is GBX 303.56 and its 200-day moving average is GBX 284.36.

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GB Group plc Company Profile

GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.

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