GB Group plc -3.5% potential downside indicated by Barclays

GB Group plc with ticker (LON:GBG) now has a potential downside of -3.5% according to Barclays.



Barclays set a target price of 865 GBX for the company, which when compared to the GB Group plc share price of 895 GBX at opening today (27/10/2021) indicates a potential downside of -3.5%. Trading has ranged between 775 (52 week low) and 999 (52 week high) with an average of 208,013 shares exchanging hands daily. The market capitalisation at the time of writing is £1,832,329,710.

GB Group plc (GBG) is a United Kingdom-based company, which provides global digital identity and location services. The Company’s solutions help organizations to validate and verify the identity and location of their customers. Its segments include Location, Identity and Fraud. GBG’s location intelligence solution, Loqate, enables organization to verify customer addresses at the point of capture, reduce drop-out rates, cart abandonment and failed deliveries. The Identity division provides biometric checks, document validation, and bank account validation. Its Fraud division is a customer-focused analytic hub interexchange data and information across vertical and department silos to reduce repeat financial and cybercrime incursions by fraudsters. The Company’s digital risk management and intelligence platform unifies digital and data to provide an integration from cyber to fraud and compliance digital onboarding to transaction monitoring. Its products include GBG Datacare, GBG Connexus.