GB Group (GBG) Sets New 52-Week High at $520.00

GB Group plc (LON:GBG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 520 ($7.25) and last traded at GBX 515 ($7.18), with a volume of 244952 shares. The stock had previously closed at GBX 515 ($7.18).

GBG has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 200 ($2.79) price objective on shares of GB Group in a research note on Monday. Berenberg Bank lifted their price objective on GB Group from GBX 460 ($6.42) to GBX 560 ($7.81) and gave the stock a “buy” rating in a research note on Thursday, April 19th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 515 ($7.18) price objective on shares of GB Group in a research note on Wednesday, April 18th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of GBX 436 ($6.08).

The company has a market cap of $642.70 and a PE ratio of 4,483.33.

In other GB Group news, insider Nick Brown sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of GBX 418 ($5.83), for a total value of £418,000 ($582,984.66).

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About GB Group

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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