GB Group (GBG) Given New GBX 626 Price Target at Peel Hunt

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GB Group (LON:GBG) had its price objective lifted by analysts at Peel Hunt from GBX 600 ($7.84) to GBX 626 ($8.18) in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 42.11% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Berenberg Bank upped their target price on GB Group from GBX 615 ($8.04) to GBX 650 ($8.49) and gave the company a “buy” rating in a report on Tuesday, October 23rd. Canaccord Genuity downgraded GB Group to a “hold” rating and upped their target price for the company from GBX 430 ($5.62) to GBX 485 ($6.34) in a report on Friday, February 1st.

Shares of GBG opened at GBX 440.50 ($5.76) on Thursday. GB Group has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 458.25 ($5.99).

In other GB Group news, insider David A. Rasche bought 48,780 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were bought at an average price of GBX 410 ($5.36) per share, for a total transaction of £199,998 ($261,332.81).

GB Group Company Profile

GB Group plc, together with its subsidiaries, provides identity data intelligence services in the United Kingdom, the United States, Australia, and internationally. It operates through two segments, Identity Proofing and Identity Solutions. The company's solutions include ID verification, which helps in verifying consumers' identities remotely, without the physical presentation of documentation, in order to combat ID fraud, money laundering, and restricting access to under-age content, purchases, and gambling; and ID employ and comply that provides background checks through online verification and authentication of individuals.

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