GB Group (LON:GBG) Hits New 12-Month Low – Time to Sell?

GB Group plc (LON:GBG) hit a new 52-week low on Thursday . The company traded as low as GBX 156.40 and last traded at GBX 158, with a volume of 37388621 shares traded. The stock had previously closed at GBX 160.

Analyst Upgrades and Downgrades

GBG has been the topic of several research analyst reports. Berenberg Bank dropped their price objective on GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Canaccord Genuity Group lowered their price target on GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group cut their price objective on GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a report on Thursday, June 25th. Shore Capital Group reiterated a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a research note on Monday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, GB Group presently has an average rating of “Moderate Buy” and an average target price of GBX 309.29.

GB Group Stock Performance

The stock has a fifty day simple moving average of GBX 210.24 and a 200-day simple moving average of GBX 209.88. The stock has a market cap of £361.61 million, a P/E ratio of -5.15, a PEG ratio of 173.40 and a beta of 0.02. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09.

GB Group (LON:GBG) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. The company had revenue of £285.04 million for the quarter. GB Group had a negative return on equity of 14.39% and a negative net margin of 26.34%. On average, equities analysts expect that GB Group plc will post 17.0176437 earnings per share for the current year.

Insider Buying and Selling at GB Group

In other GB Group news, insider David ward purchased 12,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of GBX 196 per share, with a total value of £23,520. 1.63% of the stock is owned by corporate insiders.

GB Group Company Profile

GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.

For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index.