GB Group (LON:GBG) Reaches New 52-Week Low – Here’s Why

GB Group plc (LON:GBG)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 142 and last traded at GBX 142.80, with a volume of 782473 shares. The stock had previously closed at GBX 145.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Berenberg Bank lowered GB Group to a “hold” rating and reduced their price objective for the company from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Canaccord Genuity Group decreased their price target on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating for the company in a report on Thursday, September 3rd. Jefferies Financial Group reduced their price target on GB Group from GBX 240 to GBX 210 and set a “buy” rating for the company in a report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 345 target price on shares of GB Group in a research report on Thursday, October 1st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 285.71.

GB Group Price Performance

The stock’s 50-day moving average price is GBX 171.97 and its 200 day moving average price is GBX 197.03. The firm has a market capitalization of £326.56 million, a price-to-earnings ratio of -4.65, a PEG ratio of 173.40 and a beta of 0.02. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89.

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.