GB Group (LON:GBG) Reaches New 52-Week Low – Should You Sell?

GB Group plc (LON:GBG) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 146.20 and last traded at GBX 147, with a volume of 1343180 shares trading hands. The stock had previously closed at GBX 148.20.

Wall Street Analyst Weigh In

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

GB Group Stock Performance

The company has a fifty day moving average of GBX 185.08 and a two-hundred day moving average of GBX 200.54. The firm has a market capitalization of £336.51 million, a price-to-earnings ratio of -4.79, a PEG ratio of 173.40 and a beta of 0.02. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

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.