GB Group (LON:GBG) Reaches New 12-Month Low – Here’s Why

GB Group plc (LON:GBGGet Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 147.40 and last traded at GBX 151.40, with a volume of 2951280 shares traded. The stock had previously closed at GBX 154.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Berenberg Bank lowered shares of GB Group to a “hold” rating and decreased their price objective for the stock from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Canaccord Genuity Group lowered their price objective on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a research report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research note on Monday, August 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, GB Group has a consensus rating of “Moderate Buy” and an average target price of GBX 285.71.

View Our Latest Research Report on GBG

GB Group Price Performance

The firm has a 50 day moving average price of GBX 199.63 and a 200 day moving average price of GBX 204.16. The stock has a market capitalization of £346.58 million, a PE ratio of -4.93, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89.

About GB Group

(Get Free Report)

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.

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