GB Group plc

Wilderness

  • Sectors : Disruptive Technology
  • Companies : GB Group plc

Ratings and price correct at time of issue.

  • GB Group plc

    Closing Price: 497p

  • RATING 11/08/22

  • PREVIOUS RATING N/A

DAVY VIEW

GB Group (GBG) operates in the large and growing identity verification, location intelligence and fraud prevention markets. With its diversified and highly cash-generative operating model, GBG has consistently been able to reinvest in the business, driving a blend of organic and acquisition-led growth. Despite its accomplished M&A capabilities, the recent US$736m acquisition of US player Acuant has negatively impacted the equity given the highly inflated, and predominantly cash, price paid. We initiate with an ‘Outperform’ recommendation and a 700p price target.

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Aug 11 2022, 07:30 IST/BST

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