GB Group (LON:GBG) Hits New 12-Month Low – Here’s What Happened

GB Group plc (LON:GBG – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as GBX 145.40 and last traded at GBX 149.80, with a volume of 5540574 shares trading hands. The stock had previously closed at GBX 146.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GBG. Jefferies Financial Group dropped their price objective on shares of GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Canaccord Genuity Group decreased their target price on shares of GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 345 target price on shares of GB Group in a research note on Thursday. Finally, Berenberg Bank downgraded GB Group to a “hold” rating and lowered their price target for the stock from GBX 260 to GBX 190 in a report on Wednesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GB Group currently has an average rating of “Moderate Buy” and an average target price of GBX 285.71.

Get Our Latest Report on GB Group

GB Group Stock Up 0.2%

The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89. The company has a market capitalization of £334.58 million, a price-to-earnings ratio of -4.76, a P/E/G ratio of 173.40 and a beta of 0.02. The business’s 50-day moving average is GBX 176.32 and its 200-day moving average is GBX 198.20.

GB Group Company Profile

(Get Free Report)

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.

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