GB Group plc (LON:GBG) Receives Average Recommendation of “Moderate Buy” from Brokerages

GB Group plc (LON:GBG) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 337.50.

Several equities research analysts have weighed in on the stock. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 target price on shares of GB Group in a research note on Wednesday. Canaccord Genuity Group cut their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 265 target price on shares of GB Group in a research note on Wednesday, April 22nd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 290 target price on shares of GB Group in a research note on Thursday, April 23rd.

GB Group Stock Down 0.7%

GBG opened at GBX 202 on Wednesday. The company has a market cap of £468.56 million, a P/E ratio of 56.11, a P/E/G ratio of 173.40 and a beta of 0.00. The business’s 50-day moving average price is GBX 213.28 and its 200-day moving average price is GBX 224.43. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 16.35. GB Group has a 12 month low of GBX 185.05 and a 12 month high of GBX 285.

GB Group (LON:GBG) last announced 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 net margin of 3.22% and a return on equity of 1.53%. On average, equities analysts expect that GB Group 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.