Global Business Travel Group (NYSE:GBTG) Earns Outperform Rating from Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Global Business Travel Group (NYSE:GBTG – Get Rating) in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a $9.00 price target on the stock.

GBTG has been the subject of several other reports. Evercore ISI initiated coverage on Global Business Travel Group in a research note on Wednesday, December 21st. They issued an outperform rating and a $8.00 price target for the company. Morgan Stanley cut their price target on Global Business Travel Group from $9.00 to $8.00 and set an equal weight rating for the company in a research note on Friday. Finally, Citigroup upped their target price on Global Business Travel Group from $6.50 to $7.50 in a research note on Sunday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Global Business Travel Group presently has a consensus rating of Moderate Buy and a consensus target price of $8.68.

Global Business Travel Group Price Performance

Global Business Travel Group stock opened at $6.19 on Friday. Global Business Travel Group has a 12 month low of $4.26 and a 12 month high of $10.01. The stock’s 50 day moving average is $7.01 and its 200-day moving average is $6.29. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -10.15 and a beta of 0.31.

Institutional Trading of Global Business Travel Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Credit Suisse AG acquired a new stake in Global Business Travel Group during the 2nd quarter worth about $69,000. Cowen AND Company LLC bought a new position in shares of Global Business Travel Group during the 4th quarter worth about $77,000. Virtu Financial LLC bought a new position in shares of Global Business Travel Group during the 2nd quarter worth about $80,000. Wulff Hansen & CO. bought a new position in shares of Global Business Travel Group during the 3rd quarter worth about $77,000. Finally, Parallax Volatility Advisers L.P. bought a new position in shares of Global Business Travel Group during the 4th quarter worth about $120,000. 15.91% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Company Profile

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Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States of America and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers including airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.