GB Group (LON:GBG) Issues Earnings Results, Beats Estimates By $3.80 EPS

GB Group (LON:GBG) posted its quarterly earnings data on Tuesday. The company reported GBX 9 ($0.12) EPS for the quarter, topping analysts’ consensus estimates of GBX 5.20 ($0.07) by GBX 3.80 ($0.05), Digital Look Earnings reports.

GB Group stock traded down GBX 12 ($0.16) during midday trading on Thursday, reaching GBX 688 ($8.99). The stock had a trading volume of 1,089,322 shares, compared to its average volume of 194,592. The firm’s fifty day simple moving average is GBX 603.76 and its two-hundred day simple moving average is GBX 577.51. GB Group has a twelve month low of GBX 407.50 ($5.32) and a twelve month high of GBX 728.13 ($9.51). The company has a debt-to-equity ratio of 27.03, a current ratio of 1.06 and a quick ratio of 0.94. The firm has a market cap of $1.34 billion and a price-to-earnings ratio of 90.53.

GBG has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 670 ($8.75) price objective on shares of GB Group in a research note on Thursday, October 24th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 626 ($8.18) price objective on shares of GB Group in a research note on Thursday, October 24th. Finally, Peel Hunt raised their price objective on shares of GB Group from GBX 626 ($8.18) to GBX 768 ($10.04) and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 645.80 ($8.44).

In other GB Group news, insider David John Wilson sold 280,757 shares of GB Group stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of GBX 710 ($9.28), for a total transaction of £1,993,374.70 ($2,604,697.11). Also, insider Chris Clark sold 60,100 shares of GB Group stock in a transaction on Friday, September 20th. The shares were sold at an average price of GBX 568 ($7.42), for a total transaction of £341,368 ($446,057.76).

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 in two segments, Fraud, Risk & Compliance and Customer & Location Intelligence. The company offers ID verification services, which helps in verifying identities remotely without the physical presentation of documentation for 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 an online verification and authentication of individuals.

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