GB Group (GBG) Reaches New 1-Year High at $546.00

GB Group plc (LON:GBG) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 546 ($7.41) and last traded at GBX 542 ($7.35), with a volume of 215082 shares changing hands. The stock had previously closed at GBX 542 ($7.35).

GBG has been the topic of a number of research analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 515 ($6.99) price target on shares of GB Group in a report on Thursday, February 1st. Berenberg Bank reaffirmed a “buy” rating on shares of GB Group in a report on Tuesday, April 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 200 ($2.71) price objective on shares of GB Group in a research report on Monday, April 23rd. Five investment analysts have rated the stock with a buy rating, GB Group currently has an average rating of “Buy” and a consensus price target of GBX 436 ($5.91).

The stock has a market cap of $642.70 million and a P/E ratio of 4,483.33.

In related news, insider Nick Brown sold 100,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of GBX 418 ($5.67), for a total transaction of £418,000 ($567,010.31).

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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