Jefferies Financial Group Cuts GB Group (LON:GBG) Price Target to GBX 240

GB Group (LON:GBG) had its target price reduced by stock analysts at Jefferies Financial Group from GBX 270 to GBX 240 in a report released on Thursday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 26.18% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Berenberg Bank cut their price target on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a report on Thursday, June 4th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 265 price objective on shares of GB Group in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 415 target price on shares of GB Group in a 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, Canaccord Genuity Group lowered their price target on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 319.29.

GB Group Stock Down 0.5%

GBG stock opened at GBX 190.20 on Thursday. GB Group has a 52 week low of GBX 180.60 and a 52 week high of GBX 265. The business has a 50-day simple moving average of GBX 213.29 and a 200 day simple moving average of GBX 219.14. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. The company has a market cap of £439.29 million, a PE ratio of -6.20, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01.

GB Group (LON:GBG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The firm had revenue of £285.04 million for the quarter. Sell-side analysts anticipate that GB Group will post 17.0176437 EPS for the current fiscal year.

Insider Activity

In related news, insider David ward acquired 12,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of GBX 196 per share, for a total transaction of £23,520. Company insiders own 1.60% of the company’s stock.

GB Group Company Profile

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.