Deutsche Bank Aktiengesellschaft Cuts GB Group (LON:GBG) Price Target to GBX 345

Key Points

• Deutsche Bank cut GB Group’s price target to GBX 345 from GBX 415 while maintaining a “buy” rating, implying 115.36% potential upside from the current price.
• Analyst sentiment remains positive overall, with six “buy” ratings and one “hold”; the consensus rating is “Moderate Buy” with a GBX 309.29 target.
• GB Group shares opened at GBX 160.20, near their 52-week low of GBX 156.40. The company reported GBX 19.20 quarterly EPS and £285.04 million in revenue, but posted negative net margin and return on equity.

GB Group (LON:GBG - Get Free Report) had its target price dropped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 415 to GBX 345 in a report released on Monday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 115.36% from the stock's current price.

A number of other brokerages have also issued reports on GBG. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 265 target price on shares of GB Group in a research report on Wednesday, April 22nd. Canaccord Genuity Group decreased their price objective on shares of GB Group from GBX 400 to GBX 365 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group decreased their price target on shares of GB Group from GBX 270 to GBX 240 and set a "buy" rating for the company in a report on Thursday, June 25th. Berenberg Bank reduced their price objective on shares of GB Group from GBX 290 to GBX 260 and set a "buy" rating for the company in a research note on Thursday, June 4th. Finally, Shore Capital Group reissued a "buy" rating on shares of GB Group in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, GB Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 309.29.

GB Group Stock Performance

GB Group stock opened at GBX 160.20 on Monday. GB Group has a fifty-two week low of GBX 156.40 and a fifty-two week high of GBX 265. The company has a market capitalization of £366.65 million, a price-to-earnings ratio of -5.22, a PEG ratio of 173.40 and a beta of 0.02. The stock has a fifty day moving average of GBX 212.74 and a two-hundred day moving average of GBX 211.58. 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 (LON:GBG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. The firm had revenue of £285.04 million during the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. On average, analysts anticipate that GB Group will post 17.0176437 EPS for the current fiscal year.

Insider Buying and Selling

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

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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