The stock of GB Group plc (LON:GBG) hit a new 52-week low and has GBX 189.64 target or 12.00% below today’s GBX 215.50 share price. The 8 months bearish chart indicates high risk for the GBX 288.35M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 189.64 price target is reached, the company will be worth GBX 34.60M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.49% or GBX 3.25 on November 8, hitting GBX 215.5. About 464,560 shares traded hands. GB Group plc (LON:GBG) has declined 16.83% since April 8, 2016 and is downtrending. It has underperformed by 18.78% the S&P500.
GB Group plc (LON:GBG) Ratings Coverage
Out of 4 analysts covering GB Group PLC (LON:GBG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 400 is the highest target while GBX 290 is the lowest. The GBX 345 average target is 60.09% above today’s (GBX 215.5) stock price. GB Group PLC has been the topic of 25 analyst reports since October 23, 2015 according to StockzIntelligence Inc. On Thursday, October 13 the stock rating was maintained by Peel Hunt with “Buy”. Peel Hunt maintained the shares of GBG in a report on Thursday, August 25 with “Buy” rating. As per Tuesday, December 1, the company rating was maintained by Peel Hunt. The stock of GB Group plc (LON:GBG) has “Buy” rating given on Monday, August 15 by FinnCap. The rating was maintained by FinnCap with “Buy” on Wednesday, June 8. The rating was maintained by Peel Hunt on Monday, October 31 with “Buy”. The firm has “Buy” rating given on Wednesday, April 20 by FinnCap. FinnCap maintained it with “Buy” rating and GBX 290 target price in Tuesday, November 3 report. As per Thursday, April 28, the company rating was maintained by Peel Hunt. On Wednesday, June 29 the stock rating was maintained by FinnCap with “Buy”.
GB Group plc is engaged in the provision of identity data intelligence services. The company has a market cap of 288.35 million GBP. The Firm operates through two divisions: Identity Proofing division and Identity Solutions division. It has a 29.86 P/E ratio. The Identity Proofing division includes electronic Identification Verification services for combating ID fraud, money laundering and under-age gambling; ID Employ & Comply services for employee authentication and screening, and ID Fraud & Risk Management services.
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