GB Group (LON:GBG) Reaches New 1-Year Low – What’s Next?

GB Group plc (LON:GBGGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as GBX 147.40 and last traded at GBX 151.40, with a volume of 2951280 shares trading hands. The stock had previously closed at GBX 154.40.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GBG. Canaccord Genuity Group reduced their price objective on shares of GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a research note on Thursday, September 3rd. Berenberg Bank lowered GB Group to a “hold” rating and cut their price objective for the stock from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Jefferies Financial Group cut their target price on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 285.71.

View Our Latest Report on GB Group

GB Group Trading Down 1.9%

The firm has a market cap of £346.58 million, a PE ratio of -4.93, a PEG ratio of 173.40 and a beta of 0.02. The firm has a fifty day simple moving average of GBX 199.63 and a two-hundred day simple moving average of GBX 204.16. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89.

About GB Group

(Get Free Report)

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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