GB Group (LON:GBG) Shares Down 30.8% – Here’s Why

Shares of GB Group plc (LON:GBG) fell 30.8% on Friday . The stock traded as low as GBX 156.40 and last traded at GBX 160.60. 18,939,926 shares were traded during trading, an increase of 413% from the average session volume of 3,693,461 shares. The stock had previously closed at GBX 232.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GBG shares. Jefferies Financial Group lowered their price target on shares of GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 265 price target on shares of GB Group in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 price target on shares of GB Group in a research report on Wednesday, June 3rd. Shore Capital Group reaffirmed a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Finally, Canaccord Genuity Group lowered their price target on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 319.29.

GB Group Stock Down 30.8%

The company has a market cap of £367.57 million, a P/E ratio of -5.23, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01. The company has a 50 day moving average of GBX 213.63 and a 200-day moving average of GBX 212.15. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74.

GB Group (LON:GBG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share for the quarter. The firm 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 predict that GB Group plc will post 17.0176437 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David ward bought 12,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were acquired 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.

About GB Group

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.