GB Group (LON:GBG) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a “buy” rating on GB Group and set a GBX 210 price target, implying approximately 35.14% upside from the stock’s GBX 155.40 price.
• Analyst sentiment is broadly positive, with four Buy ratings and two Hold ratings; the consensus rating is “Moderate Buy” and the average price target is GBX 252.
• GB Group shares fell 1.0% and remain below their 50-day and 200-day moving averages, trading near the lower end of their 12-month range of GBX 141.80 to GBX 262.50.

GB Group (LON:GBG - Get Free Report)'s stock had its "buy" rating reissued by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 210 price objective on the stock. Jefferies Financial Group's target price suggests a potential upside of 35.14% from the stock's current price.

GBG has been the topic of a number of other research reports. Berenberg Bank lowered GB Group to a "hold" rating and reduced their target price for the company from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 300 price target on shares of GB Group in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 345 price target on shares of GB Group in a report on Thursday, October 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 252.

GB Group Stock Down 1.0%

Shares of LON GBG opened at GBX 155.40 on Wednesday. The firm's 50-day moving average is GBX 156.40 and its two-hundred day moving average is GBX 193.88. The company has a market capitalization of £355.37 million, a PE ratio of -5.06, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. GB Group has a 12-month low of GBX 141.80 and a 12-month high of GBX 262.50. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74.

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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