Berenberg Bank Reaffirms Buy Rating for GB Group (LON:GBG)

GB Group (LON:GBG)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 290 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 36.60% from the stock’s previous close.

Several other research firms also recently commented on GBG. Stifel Nicolaus reissued a “hold” rating and set a GBX 265 target price on shares of GB Group in a research report on Wednesday. Shore Capital Group restated a “buy” rating on shares of GB Group in a report on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 400 price target on shares of GB Group in a report on Wednesday. Four 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 329.

GB Group Trading Up 0.4%

LON GBG opened at GBX 212.30 on Thursday. GB Group has a 1-year low of GBX 185.05 and a 1-year high of GBX 292. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 16.35. The company has a market capitalization of £494.05 million, a PE ratio of 58.97, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The firm’s fifty day simple moving average is GBX 201.75 and its 200-day simple moving average is GBX 227.65.

About GB Group

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.