Canaccord Genuity Group Issues Pessimistic Forecast for GB Group (LON:GBG) Stock Price

Key Points

• Canaccord Genuity Group lowered GB Group’s price target from GBX 365 to GBX 300 but maintained a “speculative buy” rating, implying 91.82% potential upside from the GBX 156.40 share price.
• Other analysts have also reduced their targets, with Deutsche Bank at GBX 345, Jefferies at GBX 210 and Berenberg at GBX 190. Despite the cuts, the stock has an overall “Moderate Buy” consensus and an average target of GBX 285.71.
• GB Group reported quarterly revenue of £285.04 million and EPS of GBX 19.20, but posted a negative net margin of 26.34% and negative return on equity of 14.39%.

GB Group (LON:GBG - Get Free Report) had its price objective lowered by research analysts at Canaccord Genuity Group from GBX 365 to GBX 300 in a research note issued to investors on Thursday, London Stock Exchange reports. The brokerage currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 91.82% from the company's current price.

GBG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft decreased their price objective 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 decreased their target price on GB Group from GBX 240 to GBX 210 and set a "buy" rating on the stock in a research report on Wednesday, August 26th. Finally, Berenberg Bank cut GB Group to a "hold" rating and dropped their price target for the stock from GBX 260 to GBX 190 in a report on Wednesday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 285.71.

GB Group Price Performance

Shares of LON GBG opened at GBX 156.40 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. The business's 50 day moving average price is GBX 202.53 and its two-hundred day moving average price is GBX 205.35. The company has a market cap of £357.95 million, a PE ratio of -5.09, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. GB Group has a twelve month low of GBX 151 and a twelve month high of GBX 265.

GB Group (LON:GBG - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%.The company had revenue of £285.04 million during the quarter. On average, analysts predict that GB Group will post 17.0176437 EPS for the current year.

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.

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