Insider Buying: GB Group plc (LON:GBG) Insider Buys 11,940 Shares of Stock

GB Group plc (LON:GBGGet Rating) insider David A. Rasche bought 11,940 shares of GB Group stock in a transaction on Thursday, June 16th. The stock was acquired at an average cost of GBX 415 ($5.04) per share, with a total value of £49,551 ($60,142.01).

LON:GBG opened at GBX 436.20 ($5.29) on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.90. GB Group plc has a 52-week low of GBX 405.40 ($4.92) and a 52-week high of GBX 976 ($11.85). The firm has a market cap of £1.10 billion and a P/E ratio of 33.17. The business’s 50-day moving average price is GBX 547.18 and its 200 day moving average price is GBX 604.34.

The company also recently declared a dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Thursday, June 23rd will be issued a dividend of GBX 3.81 ($0.05) per share. This represents a dividend yield of 0.92%. This is a positive change from GB Group’s previous dividend of $3.40. The ex-dividend date is Thursday, June 23rd. GB Group’s payout ratio is currently 0.49%.

GBG has been the topic of a number of research reports. Berenberg Bank reissued a “buy” rating on shares of GB Group in a research note on Tuesday, March 15th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,050 ($12.74) price target on shares of GB Group in a research report on Thursday. Six research analysts have rated the stock with a buy rating, Based on data from, GB Group presently has an average rating of “Buy” and an average target price of GBX 1,007.50 ($12.23).

About GB Group (Get Rating)

GB Group plc, together with its subsidiaries, provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. Its solutions help organizations recognize and verify identities of their customers in their business processes.

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