GB Group (LON:GBG) Sets New 1-Year Low Following Analyst Downgrade

Key Points

• GB Group shares hit a new 52-week low, falling to GBX 151.40 after Jefferies cut its price target from GBX 240 to GBX 210, though it maintained a buy rating.
• Other analysts also lowered their targets, but overall sentiment remains positive: six analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a GBX 305 target price.
• Insider David Ward purchased 12,000 shares at GBX 196 each in June. GB Group reported quarterly revenue of £285.04 million and earnings of GBX 19.20 per share, but posted negative margins and return on equity.

GB Group plc (LON:GBG - Get Free Report) shares hit a new 52-week low on Wednesday after Jefferies Financial Group lowered their price target on the stock from GBX 240 to GBX 210. Jefferies Financial Group currently has a buy rating on the stock. GB Group traded as low as GBX 151.40 and last traded at GBX 154.60, with a volume of 2581194 shares. The stock had previously closed at GBX 154.80.

A number of other research analysts also recently commented on the company. Berenberg Bank reduced their price target on 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 lowered 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 dropped their target price on GB Group from GBX 415 to GBX 345 and set a "buy" rating on the stock 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 305.

Insider Activity at GB Group

In other GB Group news, insider David ward bought 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, with a total value of £23,520. 1.63% of the stock is owned by insiders.

GB Group Stock Performance

The stock has a market capitalization of £353.83 million, a PE ratio of -5.04, a PEG ratio of 173.40 and a beta of 0.02. The firm's 50-day simple moving average is GBX 206.32 and its two-hundred 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.

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. The firm had revenue of £285.04 million for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%. On average, equities research analysts expect that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

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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