GB Group (LON:GBG) Releases Earnings Results

GB Group (LON:GBG) released its quarterly earnings results on Tuesday. The company reported GBX 8.30 EPS for the quarter, Digital Look Earnings reports. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%.

GB Group Stock Performance

Shares of GB Group stock opened at GBX 257 on Wednesday. The company has a 50 day moving average of GBX 238.08 and a 200-day moving average of GBX 239.08. GB Group has a 1-year low of GBX 210 and a 1-year high of GBX 385. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45. The company has a market cap of £622.30 million, a PE ratio of 75.59, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GBG. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 400 price objective on shares of GB Group in a research note on Tuesday. Peel Hunt reiterated an “add” rating and issued a GBX 300 price target on shares of GB Group in a research report on Thursday, October 16th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 390 price target on shares of GB Group in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GB Group currently has an average rating of “Buy” and a consensus target price of GBX 363.33.

Insider Transactions at GB Group

In other news, insider Dev Dhiman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were acquired at an average cost of GBX 236 per share, with a total value of £47,200. 1.53% of the stock is owned by company insiders.

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.