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GB Group plc ( (GB:GBG) ) just unveiled an announcement.
GB Group plc has acquired DataTools Pty Ltd, a leading provider of address validation and data quality solutions in Australia and New Zealand, for AUD $16.0 million. This acquisition strengthens GBG’s presence in the ANZ region, enhancing its identity verification platform and offering opportunities for upselling and cross-selling to existing customers. The acquisition is expected to be immediately accretive to earnings per share and supports GBG’s growth strategy in its core markets.
The most recent analyst rating on (GB:GBG) stock is a Hold with a £257.00 price target. To see the full list of analyst forecasts on GB Group plc stock, see the GB:GBG Stock Forecast page.
Spark’s Take on GB:GBG Stock
According to Spark, TipRanks’ AI Analyst, GB:GBG is a Neutral.
GB Group plc’s overall stock score is driven primarily by its strong financial performance and positive cash flow trends, which indicate good financial health and potential for sustained growth. Technical analysis shows short-term bullish momentum, although longer-term resistance is present. The high P/E ratio suggests overvaluation, which is a significant risk factor. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:GBG stock, click here.
More about GB Group plc
GB Group plc (GBG) is a global identity technology company that focuses on enabling safe and rewarding digital experiences. With over 30 years of experience, GBG combines global data with innovative technology to help individuals digitally verify their identities and locations. The company plays a crucial role in protecting against digital crime, enhancing business resilience, and promoting responsible growth across various sectors. GBG serves more than 20,000 customers worldwide and is publicly traded on the London Stock Exchange.
Average Trading Volume: 2,248,092
Technical Sentiment Signal: Sell
Current Market Cap: £612.8M
For a thorough assessment of GBG stock, go to TipRanks’ Stock Analysis page.