GB Group (LON:GBG) Hits New 52-Week Low – Here’s Why

Shares of GB Group plc (LON:GBG) hit a new 52-week low on Wednesday . The stock traded as low as GBX 195 and last traded at GBX 195, with a volume of 2022242 shares changing hands. The stock had previously closed at GBX 201.50.

Analysts Set New Price Targets

A number of research analysts have weighed in on GBG shares. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a report on Wednesday, November 26th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 price target on shares of GB Group in a research note on Tuesday, November 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 340 price target on shares of GB Group in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 357.50.

GB Group Stock Down 3.2%

The stock has a market capitalization of £460.46 million, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The business’s 50-day moving average is GBX 239.01 and its two-hundred day moving average is GBX 235.36.

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

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.

We are an essential ingredient that protects against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,100 people serve more than 20,000 customers globally.