Canaccord Genuity Group Cuts GB Group (LON:GBG) Price Target to GBX 300

GB Group (LON:GBG) had its target price trimmed by Canaccord Genuity Group from GBX 365 to GBX 300 in a research report report published on Thursday morning, Marketbeat reports. The firm currently has a speculative buy rating on the stock.

A number of other equities research analysts also recently issued reports on GBG. Jefferies Financial Group reduced their price objective 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 cut shares of GB Group to a “hold” rating and dropped their target price for the company from GBX 260 to GBX 190 in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 285.71.

GB Group Stock Performance

GBG opened at GBX 159.40 on Thursday. 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 has a 52-week low of GBX 151 and a 52-week high of GBX 265. The firm has a market cap of £364.82 million, a P/E ratio of -5.19, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The business’s fifty day moving average is GBX 201.29 and its 200-day moving average is GBX 204.73.

GB Group Company Profile

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.