GB Group’s (GBG) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of GB Group (LON:GBG) in a report issued on Tuesday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 400 price objective on the stock.

Several other research analysts have also recently weighed in on GBG. Peel Hunt reaffirmed an “add” rating and set a GBX 300 price objective on shares of GB Group in a research report on Thursday, October 16th. Shore Capital restated a “buy” rating and issued a GBX 390 target price on shares of GB Group in a research note on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GB Group presently has an average rating of “Buy” and a consensus target price of GBX 357.50.

GB Group Trading Down 0.2%

LON GBG opened at GBX 255.50 on Tuesday. GB Group has a 12 month low of GBX 210 and a 12 month high of GBX 385. The stock has a 50-day simple moving average of GBX 239.23 and a 200 day simple moving average of GBX 239.31. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45. The company has a market capitalization of £618.67 million, a PE ratio of 75.15, a P/E/G ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last issued its earnings results on Tuesday, November 25th. The company reported GBX 8.30 earnings per share (EPS) for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. Research analysts forecast that GB Group will post 17.0176437 EPS for the current year.

Insider Buying and Selling at GB Group

In related news, insider Dev Dhiman bought 20,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were acquired at an average price of GBX 236 per share, with a total value of £47,200. 1.53% of the stock is owned by insiders.

GB Group Company Profile

GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.