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

GB Group (LON:GBG) issued its quarterly earnings results on Tuesday. The company reported GBX 9 ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 5.20 ($0.07) by GBX 3.80 ($0.05), Digital Look Earnings reports.

Shares of GBG traded up GBX 49 ($0.64) during trading hours on Tuesday, hitting GBX 713 ($9.32). 6,393,557 shares of the company were exchanged, compared to its average volume of 194,592. The company has a market capitalization of $1.38 billion and a PE ratio of 93.82. 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 fifty day simple moving average of GBX 597.18 and a 200-day simple moving average of GBX 576.42. GB Group has a one year low of GBX 407.50 ($5.32) and a one year high of GBX 665 ($8.69).

In other news, insider Chris Clark sold 60,100 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of GBX 568 ($7.42), for a total transaction of £341,368 ($446,057.76). Also, insider Nick Brown acquired 32,521 shares of GB Group stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of GBX 556 ($7.27) per share, with a total value of £180,816.76 ($236,269.12).

Several equities analysts have recently issued reports on GBG shares. Peel Hunt lifted their price target on GB Group from GBX 626 ($8.18) to GBX 768 ($10.04) and gave the company a “buy” rating in a research report on Tuesday. Peel Hunt reissued a “buy” rating and set a GBX 626 ($8.18) price objective on shares of GB Group in a research note on Thursday, October 24th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 670 ($8.75) price objective on shares of GB Group in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 645.80 ($8.44).

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 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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