GB Group (GBG) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of GB Group (LON:GBG) in a research note published on Monday morning. They currently have a GBX 515 ($6.93) price objective on the stock.

A number of other research firms also recently issued reports on GBG. FinnCap lifted their price objective on GB Group from GBX 425 ($5.72) to GBX 450 ($6.06) and gave the stock a buy rating in a research note on Tuesday, October 24th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 430 ($5.79) price objective on shares of GB Group in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of GBX 426.67 ($5.74).

GB Group (GBG) traded up GBX 3 ($0.04) during trading hours on Monday, reaching GBX 429 ($5.77). The company’s stock had a trading volume of 112,172 shares, compared to its average volume of 315,056. GB Group has a 1-year low of GBX 248.25 ($3.34) and a 1-year high of GBX 458.25 ($6.17).

In other news, insider David John Wilson sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of GBX 425 ($5.72), for a total transaction of £425,000 ($572,005.38).

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About GB Group

GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.

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