GB Group (LON:GBG) Given New GBX 210 Price Target at Jefferies Financial Group

GB Group (LON:GBG) had its price target decreased by analysts at Jefferies Financial Group from GBX 240 to GBX 210 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 36.76% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Berenberg Bank lowered their price objective on GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research report on Monday, August 17th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 305.

GB Group Price Performance

Shares of LON:GBG opened at GBX 153.55 on Wednesday. GB Group has a one year low of GBX 151.40 and a one year high of GBX 265. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74. The company has a market cap of £351.44 million, a price-to-earnings ratio of -5.00, a PEG ratio of 173.40 and a beta of 0.02. The firm has a 50 day simple moving average of GBX 206.32 and a 200 day simple moving average of GBX 207.77.

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

Insider Activity at GB Group

In related news, insider David ward bought 12,000 shares of GB Group stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of GBX 196 per share, for a total transaction of £23,520. 1.63% of the stock is currently owned by corporate insiders.

About GB Group

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.