GB Group plc (GBG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of GB Group plc (LON:GBG) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 414.50 ($5.47).
A number of research analysts have recently issued reports on the stock. FinnCap lifted their target price on shares of GB Group plc from GBX 400 ($5.28) to GBX 425 ($5.61) and gave the company a “buy” rating in a research note on Tuesday, June 6th. Peel Hunt reiterated a “buy” rating and issued a GBX 467 ($6.16) target price on shares of GB Group plc in a research note on Tuesday, June 6th. Canaccord Genuity lifted their target price on shares of GB Group plc from GBX 415 ($5.47) to GBX 430 ($5.67) and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 455 ($6.00) target price on shares of GB Group plc in a research note on Wednesday, June 7th.
In related news, insider David John Wilson purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average price of GBX 411 ($5.42) per share, with a total value of £123,300 ($162,643.45). Also, insider David A. Rasche purchased 14,695 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of GBX 339 ($4.47) per share, with a total value of £49,816.05 ($65,711.71).
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GB Group plc (LON GBG) opened at 364.00 on Friday. The company’s market capitalization is GBX 490.32 million. The company has a 50-day moving average price of GBX 358.58 and a 200-day moving average price of GBX 333.11. GB Group plc has a one year low of GBX 205.76 and a one year high of GBX 414.00.
The business also recently declared a dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, July 20th will be issued a GBX 2.35 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a dividend yield of 0.62%. This is a positive change from GB Group plc’s previous dividend of $2.08.
GB Group plc Company Profile
GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.
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