GB Group plc (GBG) Rating Reiterated by Peel Hunt

GB Group plc (LON:GBG)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Tuesday, July 25th. They currently have a GBX 467 ($6.06) target price on the stock. Peel Hunt’s price target would suggest a potential upside of 26.05% from the company’s current price.

Several other analysts have also weighed in on the company. FinnCap reissued a “buy” rating and issued a GBX 425 ($5.52) target price on shares of GB Group plc in a report on Tuesday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a GBX 455 ($5.91) target price on shares of GB Group plc in a report on Wednesday, June 7th. Finally, Canaccord Genuity upped their target price on GB Group plc from GBX 415 ($5.39) to GBX 430 ($5.58) and gave the company a “buy” rating in a report on Tuesday, June 6th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target 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 traded hands. GB Group plc has a 52-week low of GBX 205.76 and a 52-week high of GBX 414.00. The company’s market cap is GBX 499.07 million. The firm’s 50-day moving average is GBX 358.24 and its 200-day moving average is GBX 338.85.

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

About GB Group plc

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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