Jefferies Financial Group Lowers GB Group (LON:GBG) Price Target to GBX 210

Key Points

• Jefferies lowered GB Group’s price target to GBX 210 from GBX 240 but maintained a “buy” rating, implying 36.76% upside from the prior close.
• Analyst sentiment remains broadly positive: six analysts rate the stock “Buy” and one rates it “Hold,” producing a “Moderate Buy” consensus and average target of GBX 305.
• GB Group shares opened at GBX 153.55, near their 52-week low, while the company reported negative net margin and return on equity; insider David Ward nevertheless bought 12,000 shares for £23,520.

GB Group (LON:GBG - Get Free Report) had its price target decreased by equities researchers at Jefferies Financial Group from GBX 240 to GBX 210 in a research note issued on Wednesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 36.76% from the company's previous close.

Other analysts also recently issued research reports about the stock. Berenberg Bank reduced their target price on shares of GB Group from GBX 290 to GBX 260 and set a "buy" rating for the company in a report on Thursday, June 4th. Canaccord Genuity Group cut their price objective on shares of GB Group from GBX 400 to GBX 365 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, GB Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 305.

GB Group Stock Down 0.8%

GBG opened at GBX 153.55 on Wednesday. GB Group has a 1-year low of GBX 151.40 and a 1-year high of GBX 265. The stock's fifty day simple moving average is GBX 206.32 and its 200 day simple moving average is GBX 207.77. 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 stock has a market cap of £351.44 million, a PE ratio of -5.00, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

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

Insider Buying and Selling at GB Group

In related news, insider David ward purchased 12,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of GBX 196 per share, for a total transaction of £23,520. Insiders own 1.63% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.