GB Group (LON:GBG) Sets New 52-Week Low – Here’s What Happened

GB Group plc (LON:GBG) shares reached a new 52-week low during trading on Thursday. The stock traded as low as GBX 146.20 and last traded at GBX 147, with a volume of 1343180 shares traded. The stock had previously closed at GBX 148.20.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Berenberg Bank downgraded GB Group to a “hold” rating and decreased their price objective for the company from GBX 260 to GBX 190 in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on GB Group from GBX 415 to GBX 345 and set a “buy” rating for the company in a report on Monday, August 17th. Canaccord Genuity Group cut their target price on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group decreased their price target on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, GB Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 285.71.

GB Group Stock Performance

The company has a debt-to-equity ratio of 23.89, a current ratio of 1.09 and a quick ratio of 0.74. The stock has a market capitalization of £336.05 million, a PE ratio of -4.78, a P/E/G ratio of 173.40 and a beta of 0.02. The firm has a fifty day moving average price of GBX 181.86 and a two-hundred day moving average price of GBX 199.74.

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.