GB Group (LON:GBG) Hits New 1-Year Low – Time to Sell?

GB Group plc (LON:GBG)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 183.20 and last traded at GBX 185.13, with a volume of 33708422 shares trading hands. The stock had previously closed at GBX 188.78.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Shore Capital Group reissued a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 415 price objective on shares of GB Group in a report on Wednesday, June 3rd. Canaccord Genuity Group lowered their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Berenberg Bank dropped their target price on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a GBX 265 target price on shares of GB Group in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 332.50.

GB Group Price Performance

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 stock has a market cap of £427.59 million, a P/E ratio of -6.03, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01. The business’s 50-day simple moving average is GBX 213.70 and its two-hundred day simple moving average is GBX 220.51.

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

Insider Activity

In related news, insider David ward purchased 12,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of GBX 196 per share, with a total value of £23,520. 1.60% of the stock is currently owned by corporate insiders.

GB Group Company Profile

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.