GB Group (LON:GBG) Price Target Increased to GBX 1,000 by Analysts at Barclays

GB Group (LON:GBGGet Rating) had its target price raised by investment analysts at Barclays from GBX 415 ($5.04) to GBX 1,000 ($12.14) in a research report issued on Friday, Digital Look reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 128.83% from the company’s previous close.

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

GB Group stock opened at GBX 437 ($5.30) on Friday. The firm has a market cap of £1.10 billion and a price-to-earnings ratio of 63.33. GB Group has a 52-week low of GBX 405.40 ($4.92) and a 52-week high of GBX 976 ($11.85). The company has a debt-to-equity ratio of 16.72, a quick ratio of 0.77 and a current ratio of 0.87. The firm has a 50 day moving average price of GBX 544.60 and a two-hundred day moving average price of GBX 601.04.

In related news, insider David A. Rasche purchased 11,940 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average cost of GBX 415 ($5.04) per share, with a total value of £49,551 ($60,142.01).

GB Group Company Profile (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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