Peel Hunt Reiterates Buy Rating for GB Group (GBG)

GB Group (LON:GBG)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report issued on Wednesday. They presently have a GBX 515 ($6.89) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 21.52% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. FinnCap lifted their price target on GB Group from GBX 425 ($5.68) to GBX 450 ($6.02) and gave the stock a “buy” rating in a report on Tuesday, October 24th. Canaccord Genuity reiterated a “buy” rating and set a GBX 430 ($5.75) price target on shares of GB Group in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 426.67 ($5.70).

GB Group (GBG) opened at GBX 423.80 ($5.67) on Wednesday. GB Group has a 1-year low of GBX 270 ($3.61) and a 1-year high of GBX 458.25 ($6.13). The company has a market capitalization of $641.94 and a PE ratio of 4,708.89.

In other news, insider David John Wilson sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of GBX 425 ($5.68), for a total transaction of £425,000 ($568,257.79).

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About GB Group

GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.

Analyst Recommendations for GB Group (LON:GBG)

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