GB Group’s (GBG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of GB Group (LON:GBG) in a research report report published on Wednesday, Marketbeat Ratings reports. The firm currently has a GBX 340 price target on the stock.

GBG has been the subject of several other reports. Shore Capital reissued a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a research note on Wednesday. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 price objective on shares of GB Group in a research report on Thursday, October 16th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of GB Group in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GB Group currently has an average rating of “Buy” and a consensus price target of GBX 357.50.

GB Group Trading Down 0.4%

GBG opened at GBX 254.50 on Wednesday. GB Group has a 1-year low of GBX 210 and a 1-year high of GBX 385. The company has a market cap of £616.25 million, a P/E ratio of 74.85, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The company has a fifty day moving average price of GBX 239.88 and a two-hundred day moving average price of GBX 239.15. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45.

GB Group (LON:GBG) last announced its quarterly 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%. Analysts predict that GB Group will post 17.0176437 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dev Dhiman purchased 20,000 shares of GB Group stock in a transaction dated Tuesday, October 21st. The stock was purchased at an average cost of GBX 236 per share, for a total transaction of £47,200. 1.53% of the stock is currently owned by insiders.

About GB Group

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.