Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for GB Group (LON:GBG)

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on GB Group and maintained a GBX 345 price target, implying 135.66% potential upside from the stock’s GBX 146.40 opening price.
• Analyst sentiment remains positive overall, with five Buy ratings and two Holds giving GB Group a consensus “Moderate Buy” rating and an average price target of GBX 285.71.
• GB Group shares are near their 52-week low of GBX 145.40, while the company has a market capitalization of approximately £335 million and trades at a negative price-to-earnings ratio.

GB Group (LON:GBG - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday, Digital Look reports. They presently have a GBX 345 target price on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 135.66% from the stock's current price.

A number of other equities research analysts have also recently issued reports on GBG. Berenberg Bank cut GB Group to a "hold" rating and reduced their price objective for the stock from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Jefferies Financial Group dropped their price target on GB Group from GBX 240 to GBX 210 and set a "buy" rating for the company in a report on Wednesday, August 26th. Finally, Canaccord Genuity Group reduced their price target on GB Group from GBX 365 to GBX 300 and set a "speculative buy" rating for the company in a research note on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, GB Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 285.71.

GB Group Stock Performance

Shares of GBG stock opened at GBX 146.40 on Thursday. GB Group has a 52 week low of GBX 145.40 and a 52 week high of GBX 265. The company has a market capitalization of £335.13 million, a price-to-earnings ratio of -4.77, a PEG ratio of 173.40 and a beta of 0.02. The company has a 50-day simple moving average of GBX 177.53 and a 200 day simple moving average of GBX 198.60. 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 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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