FinnCap Reiterates “Buy” Rating for GB Group plc (LON:GBG)

FinnCap reaffirmed their buy rating on shares of GB Group plc (LON:GBG) in a research note published on Tuesday, July 25th. The firm currently has a GBX 425 ($5.52) price objective on the stock.

Other research analysts have also recently issued reports about the company. Peel Hunt restated a buy rating and issued a GBX 467 ($6.06) price objective on shares of GB Group plc in a research report on Tuesday, June 6th. Canaccord Genuity began coverage on GB Group plc in a research report on Friday, March 31st. They issued a buy rating for the company. Finally, Citigroup Inc. boosted their price target on GB Group plc from GBX 415 ($5.39) to GBX 455 ($5.91) and gave the stock a buy rating in a research report on Wednesday, May 10th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of GBX 414.50 ($5.38).

GB Group plc (LON GBG) traded down 1.46% during midday trading on Tuesday, hitting GBX 370.50. 34,953 shares of the stock were exchanged. The company’s 50 day moving average is GBX 358.24 and its 200-day moving average is GBX 338.85. GB Group plc has a 1-year low of GBX 205.76 and a 1-year high of GBX 414.00. The stock’s market cap is GBX 499.07 million.

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The firm also recently declared a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, July 20th will be paid a GBX 2.35 ($0.03) dividend. This represents a dividend yield of 0.62%. The ex-dividend date is Thursday, July 20th. This is a positive change from GB Group plc’s previous dividend of $2.08.

In other news, insider David A. Rasche bought 14,695 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The shares were purchased at an average price of GBX 339 ($4.40) per share, with a total value of £49,816.05 ($64,670.97). Also, insider David John Wilson purchased 30,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were bought at an average price of GBX 411 ($5.34) per share, for a total transaction of £123,300 ($160,067.51).

GB Group plc Company Profile

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 plc (LON:GBG)

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