GB Group (LON:GBG) Downgraded to Hold Rating by Berenberg Bank

Key Points

• Berenberg Bank downgraded GB Group to “Hold” and cut its price target from GBX 260 to GBX 190, implying about 22.4% upside from the GBX 155.20 share price.
• Other analysts remain more positive: GB Group has a consensus “Moderate Buy” rating and an average price target of GBX 295, despite several recent target-price reductions.
• The company reported GBX 19.20 in quarterly EPS and £285.04 million in revenue, but posted a negative net margin of 26.34% and negative return on equity of 14.39%.

GB Group (LON:GBG - Get Free Report) was downgraded by analysts at Berenberg Bank to a "hold" rating in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 190 price target on the stock, down from their previous price target of GBX 260. Berenberg Bank's target price points to a potential upside of 22.42% from the stock's current price.

A number of other brokerages have also recently issued reports on GBG. Deutsche Bank Aktiengesellschaft lowered their price target on shares of GB Group from GBX 415 to GBX 345 and set a "buy" rating for the company in a research report on Monday, August 17th. Canaccord Genuity Group decreased their target price 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, June 3rd. Finally, Jefferies Financial Group decreased their target price on shares of GB Group from GBX 240 to GBX 210 and set a "buy" rating for the company in a research note on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, GB Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 295.

GB Group Stock Performance

Shares of GB Group stock opened at GBX 155.20 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The firm has a market capitalization of £355.21 million, a P/E ratio of -5.06, a P/E/G ratio of 173.40 and a beta of 0.02. The business has a fifty day simple moving average of GBX 203.26 and a two-hundred day simple moving average of GBX 205.70. GB Group has a 12 month low of GBX 151 and a 12 month high of GBX 265.

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

Insider Buying and Selling at GB Group

In other news, insider David ward bought 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average price of GBX 196 per share, with a total value of £23,520. 1.63% of the stock is owned by insiders.

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.

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