GB Group (LON:GBG) Stock Price Target Cut by Berenberg Bank

GB Group (LON:GBG) had its target price dropped by research analysts at Berenberg Bank from GBX 190 to GBX 175 in a report issued on Friday, London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank‘s price target would suggest a potential upside of 15.44% from the company’s previous close.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 300 target price on shares of GB Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of GB Group from GBX 345 to GBX 157 and set a “buy” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price target on shares of GB Group in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 249.50.

GB Group Price Performance

GB Group stock opened at GBX 151.60 on Friday. 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 has a one year low of GBX 141.80 and a one year high of GBX 262.50. The business has a fifty day moving average of GBX 153.45 and a two-hundred day moving average of GBX 193.19. The company has a market cap of £346.68 million, a P/E ratio of -4.94, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02.

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.