GB Group (LON:GBG) Price Target Cut to GBX 175 by Analysts at Berenberg Bank

Key Points

• Berenberg Bank cut GB Group’s price target from GBX 190 to GBX 175 and maintained a “hold” rating, implying 15.44% potential upside from the prior close.
• Analyst sentiment remains mixed but leans positive: Canaccord reaffirmed a “speculative buy,” Jefferies maintained “buy,” and Deutsche Bank cut its target to GBX 157 while retaining “buy.” MarketBeat’s consensus is “Moderate Buy,” with an average target of GBX 249.50.
• GB Group shares opened at GBX 151.60 and were down 2.8%, near the lower end of their 12-month range of GBX 141.80 to GBX 262.50.

GB Group (LON:GBG - Get Free Report) had its price objective lowered by investment analysts at Berenberg Bank from GBX 190 to GBX 175 in a research note issued on Friday, London Stock Exchange reports. The brokerage presently has a "hold" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 15.44% from the stock's previous close.

Several other brokerages also recently weighed in on GBG. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 300 price target on shares of GB Group in a report on Tuesday. Jefferies Financial Group reissued a "buy" rating and issued a GBX 210 price objective on shares of GB Group in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of GB Group from GBX 345 to GBX 157 and set a "buy" rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 249.50.

GB Group Trading Down 2.8%

Shares of GBG stock opened at GBX 151.60 on Friday. The company has a market capitalization of £346.68 million, a P/E ratio of -4.94, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. 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 business's 50 day moving average is GBX 153.45 and its two-hundred day moving average is GBX 193.19. GB Group has a twelve month low of GBX 141.80 and a twelve month high of GBX 262.50.

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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