David ward Buys 12,000 Shares of GB Group (LON:GBG) Stock

GB Group plc (LON:GBG) insider David ward bought 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of GBX 196 per share, with a total value of £23,520.

GB Group Trading Up 4.7%

LON GBG opened at GBX 207.10 on Friday. The firm has a 50 day simple moving average of GBX 213.31 and a 200-day simple moving average of GBX 223.59. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09. GB Group plc has a one year low of GBX 185.05 and a one year high of GBX 279.50. The firm has a market cap of £480.40 million, a price-to-earnings ratio of -6.75, a PEG ratio of 173.40 and a beta of 0.00.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Berenberg Bank lowered their price objective on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group lowered their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 price objective on shares of GB Group in a research note on Wednesday. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research note on Wednesday, April 22nd. Finally, 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, GB Group presently has an average rating of “Moderate Buy” and an average price target of GBX 332.50.

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.