Dev Dhiman Buys 20,000 Shares of GB Group (LON:GBG) Stock

Key Points

• Dev Dhiman, an insider at GB Group plc, purchased 20,000 shares at an average price of GBX 236 per share on October 21st, totaling £47,200.
• Analysts have a positive outlook on GB Group, with a consensus rating of "Buy" and an average target price of GBX 345.
• The company has a market capitalization of approximately £578.90 million and recently traded at GBX 236.50, reflecting an increase from previous trading sessions.

GB Group plc (LON:GBG - Get Free Report) insider Dev Dhiman acquired 20,000 shares of the business's stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average price of GBX 236 per share, with a total value of £47,200.

GB Group Price Performance

Shares of GB Group stock traded up GBX 0.50 during trading on Tuesday, reaching GBX 236.50. 1,997,658 shares of the stock traded hands, compared to its average volume of 1,577,141. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74. GB Group plc has a 52-week low of GBX 210 and a 52-week high of GBX 385. The business has a fifty day simple moving average of GBX 228.80 and a two-hundred day simple moving average of GBX 242.04. The company has a market capitalization of £578.90 million, a price-to-earnings ratio of 69.56, a P/E/G ratio of 173.40 and a beta of 0.30.

Wall Street Analysts Forecast Growth

GBG has been the subject of several analyst reports. Peel Hunt reissued an "add" rating and issued a GBX 300 price objective on shares of GB Group in a research note on Thursday, October 16th. Shore Capital reissued a "buy" rating and issued a GBX 390 price objective on shares of GB Group in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 345.

GB Group Company Profile

GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere. For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.