GB Group (LON:GBG) Hits New 12-Month Low - Time to Sell?

Key Points

• GB Group shares fell to a new 52-week low, trading as low as GBX 156.40 and last changing hands at GBX 158, well below their 50-day and 200-day moving averages near GBX 210.
• Despite the sell-off, analysts remain broadly positive: six rate the stock a Buy and one a Hold, with an average price target of GBX 309.29. However, several firms recently lowered their targets.
• The company reported £285.04 million in quarterly revenue and GBX 19.20 in earnings per share, but posted a negative net margin of 26.34% and negative return on equity of 14.39%; insider David Ward bought 12,000 shares at GBX 196.

GB Group plc (LON:GBG - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 156.40 and last traded at GBX 158, with a volume of 37388621 shares changing hands. The stock had previously closed at GBX 160.

Analysts Set New Price Targets

GBG has been the subject of several research analyst reports. Berenberg Bank dropped 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 report on Thursday, June 4th. Stifel Nicolaus reissued a "hold" rating and issued a GBX 265 target price on shares of GB Group in a research note on Wednesday, April 22nd. Canaccord Genuity Group dropped their target price on GB Group from GBX 400 to GBX 365 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft cut their price target on GB Group from GBX 415 to GBX 345 and set a "buy" rating on the stock in a research note on Monday. Finally, Shore Capital Group reiterated a "buy" rating on shares of GB Group in a report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 309.29.

GB Group Stock Down 1.3%

The business's fifty day simple moving average is GBX 210.24 and its 200 day simple moving average is GBX 209.88. 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 £361.61 million, a price-to-earnings ratio of -5.15, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

GB Group (LON:GBG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%.The company had revenue of £285.04 million for the quarter. Equities analysts forecast that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David ward bought 12,000 shares of GB Group stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of GBX 196 per share, for a total transaction of £23,520. 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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