Barclays Remains a Buy on GB Group plc (GBG)

In a report released on June 10, Nick Dempsey from Barclays maintained a Buy rating on GB Group plc (GBG – Research Report), with a price target of £3.25. The company's shares closed yesterday at p247.50.
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Dempsey covers the Communication Services sector, focusing on stocks such as Pearson, CD Projekt SA, and Team17 Group. According to TipRanks, Dempsey has an average return of 3.9% and a 58.18% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GB Group plc with a p346.00 average price target, representing a 39.80% upside. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a p315.00 price target.
Based on GB Group plc's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p136.9 million and a net profit of p1.58 million. In comparison, last year the company earned a revenue of p132.36 million and had a GAAP net loss of p55.15 million

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