GB Group plc (GBG) Earns Buy Rating from Peel Hunt
GB Group plc (LON:GBG)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 467 ($6.04) target price on the stock. Peel Hunt’s price target suggests a potential upside of 21.54% from the company’s current price.
Several other research analysts also recently commented on the company. FinnCap reissued a “buy” rating and issued a GBX 425 ($5.50) price objective on shares of GB Group plc in a research note on Tuesday, July 25th. Citigroup Inc reissued a “buy” rating and issued a GBX 455 ($5.88) price objective on shares of GB Group plc in a research note on Wednesday, June 7th. Finally, Canaccord Genuity increased their price objective on GB Group plc from GBX 415 ($5.37) to GBX 430 ($5.56) and gave the company a “buy” rating in a research note on Tuesday, June 6th. Six research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of GBX 414.50 ($5.36).
Shares of GB Group plc (GBG) traded up 0.20% during midday trading on Monday, reaching GBX 385.00. 69,156 shares of the company traded hands. The firm’s market capitalization is GBX 518.60 million. The stock has a 50 day moving average price of GBX 369.93 and a 200 day moving average price of GBX 345.27. GB Group plc has a 1-year low of GBX 205.76 and a 1-year high of GBX 414.00.
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In related news, insider David A. Rasche bought 14,695 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was acquired at an average cost of GBX 339 ($4.38) per share, with a total value of £49,816.05 ($64,428.41). Also, insider David John Wilson bought 30,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was bought at an average cost of GBX 411 ($5.32) per share, with a total value of £123,300 ($159,467.15).
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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