In a report released today, Charles Brennan from Jefferies maintained a Buy rating on GB Group plc, with a price target of p320.00.
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Charles Brennan has given his Buy rating due to a combination of factors, notably that GB Group is showing clear signs of a return to growth while trading on a valuation he sees as modest for a cash‑generative, recurring‑revenue model. The latest trading update confirmed that revenue has shifted from slight decline to low single‑digit growth, with an even stronger constant‑currency performance, and earnings tracked in line with forecasts.
He also highlights that operational execution has improved, particularly in EMEA and within the Americas Identity business, which has moved back into positive momentum by the fourth quarter. In addition, management has reaffirmed medium‑term guidance for mid‑single‑digit revenue expansion and, supported by a manageable net debt position, has restarted share buybacks, signalling confidence in the company’s outlook and capital returns.
According to TipRanks, Brennan is a 4-star analyst with an average return of 9.1% and a 59.31% success rate. Brennan covers the Technology sector, focusing on stocks such as Temenos, Computacenter, and Sage Group plc.